Today Sallie Mae CD Rates
Posted on June 23rd, 2011
Today Sallie Mae CD rates are from the same financial institution that many Americans received their student loans thru during their college years. They now make it possible for the investing of your money with certificates of deposits that have competitive bank CD rates.
The current CD rates available to the American consumer include three different fixed rated CD with terms from 1 year to 5 years in length. These investments are insured by the FDIC and are guaranteed returns on your investment.
The 1 year CD is presently earning an APY of 1.20%. The 3 year CD is earning an APY of 1.55%. The best CD rates are form the 5 year CD. This CD is earning an APY of 2.15%.
There is no minimum deposit amount to open or obtain the stated CD rates. There is also no monthly balance required but if you do not place money in the CD account, it can earn any type of return.
There is a penalty fee for early withdraw of any deposit placed in the account that occurs before the CD matures. At maturity, the CD will automatically roll over into a like CD term with the current CD rates at the time of the roll over. The grace period at the maturity date is 10 days in which the account holder can withdraw the funds without penalty, roll the deposit into another like CD or another term CD account. The choice is that of the account holder.
The only fee associated with this type of CD account is a $5 charge for a paper statement.
Today Sallie Mae CD Rates were posted on March 4, 2011 but were still current at the end of June 2011. All rates are subject to change without notice.
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Tags: Cd Rates, Mae Cd, Mae Cd Rates, Rates
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