Sallie Mae Bank
For information concerning the online bank, please click here.
Sallie Mae Bank is an FDIC insured institution headquartered at
175 S West Temple, Salt Lake City, UT 84101.
It was founded in
2005 and has approximately $29 billion in
assets. Customers can open an account at one of its 1 branches.
Deposit Rates - October 1, 2022
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
1.75% | $2,500 | Compare |
|
12 Mo CD
|
3.05% | $2,500 | Compare |
|
18 Mo CD
|
3.15% | $2,500 | Compare |
|
24 Mo CD
|
3.20% | $2,500 | Compare |
|
36 Mo CD
|
3.30% | $2,500 | Compare |
|
60 Mo CD
|
3.35% | $2,500 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
2.25% | $0 | Compare |
Featured Home Equity Rates
-
Sponsored
-
FIXED rates from 5.14% APR*. HELOC up to $400K. Funding as fast as 5 days $0 -
New American Funding
NMLS ID: 6606 / Updated 2022-09-30Now Is The Time For A Cash-Out Refinance! $0 -
Intro APR: 5.740 %
After Intro:7.000 %
Intro Period: 12 months
$25,000 -
AimLoan.com NMLS#2890
NMLS ID: 2890 / Updated 2022-09-30Home Equity Loan - 15 Year Fixed Rate $0 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
-
Sponsored
-
New American Funding
NMLS ID: 66066.896% $1,620 Fees & Points $4,019 Total
0.956 Pts ($2,390)
$1,629 Fees -
Beeline Loans, Inc.
NMLS ID: 17999476.349% $1,540 Fees & Points $2,629 Total
0.652 Pts ($1,630)
$999 Fees -
New American Funding
NMLS ID: 66066.896% $1,620 Fees & Points $4,019 Total
0.956 Pts ($2,390)
$1,629 Fees -
Northpointe Bank
NMLS ID: 4474906.340% $1,540 Fees & Points $2,382 Total
0.953 Pts ($2,382)
$0 Fees -
6.477% $1,560 Fees & Points $2,678 Total
0.673 Pts ($1,683)
$995 Fees -
AmeriSave Mortgage Corporation
NMLS ID: 1168Fees & Points Total
Pts ($0)
$0 Fees - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2022
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 58177 |
| Date Established | 2005 |
| Assets | $ 28.92 billion |
| Loans | $ 21.31 billion |
| Deposits | $ 21.55 billion |
| Capital | $ 2.49 billion |
Summary Balance Sheet
| ASSETS | |
| Cash & Balances due from depository institutions | $ 3.44 billion |
| Interest-bearing balances | $ 3.35 billion |
| Total securities | $ 2.34 billion |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 21.31 billion |
| Loan loss allowance | $ 1,227.36 million |
| Trading account assets | $ 38.82 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 1,676.44 million |
| Total Assets | $ 26.44 billion |
| LIABILITIES | |
| Total deposits | $ 21.55 billion |
| Interest-bearing deposits | $ 21.47 billion |
| Deposits held in domestic offices | $ 21.55 billion |
| % insured (estimated) | 95.89% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 4.57 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 320.65 millionn |
| Total Liabilities | $ 26.44 billion |
| Shareholders’ Equity | $ 2.49 billion |
Summary Income Statement
| INCOME AND EXPENSES | |
| Total Interest Income | $ 468.03 million |
| Total Interest Expense | $ 80.15 million |
| Net interest income | $ 387.88 million |
| Provision for loan and lease losses | $ 98.05 million |
| Total non interest income | $ 24.45 million |
| Total non interest expense | $ 118.45 million |
| Pre-tax Net Operating Income | $ 195.83 million |
Customer Reviews for Sallie Mae Bank (2)
Rated 1.00 stars out of 5 - based on 2 reviews
Branches
Click on location and enter new zip number to change.
Your current location is: San Diego, CA
View Branches Statewide →
View Branches Nationwide →
Sallie Mae Bank Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1ONLINE CDBank-$50,0006 Month1.75%6.34x (National Avg. - 0.28%)$2,500-SCENARIO
Year Rate
1.75%Annual
InterestAnnual Interest
(After Tax)1 50,000 875 613 2 50,875 890 623 3 51,765 906 634 4 52,671 922 645 5 53,593 938 657 6 54,531 954 668 7 55,485 971 680 8 56,456 988 692 9 57,444 1,005 704 10 58,449 1,023 716 11 59,472 1,041 729 12 60,513 1,059 741 13 61,572 1,078 754 14 62,649 1,096 767 15 63,746 1,116 781 16 64,861 1,135 795 17 65,996 1,155 808 18 67,151 1,175 823 19 68,327 1,196 837 20 69,522 1,217 852 TOTAL $20,739 $14,517 - 2ONLINE CDOnline Bank-$50,00012 Month1.65%3.98x (National Avg. - 0.42%)$1,000-SCENARIO
Year Rate
1.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 825 578 2 50,825 839 587 3 51,664 852 597 4 52,516 867 607 5 53,383 881 617 6 54,263 895 627 7 55,159 910 637 8 56,069 925 648 9 56,994 940 658 10 57,934 956 669 11 58,890 972 680 12 59,862 988 691 13 60,850 1,004 703 14 61,854 1,021 714 15 62,874 1,037 726 16 63,912 1,055 738 17 64,966 1,072 750 18 66,038 1,090 763 19 67,128 1,108 775 20 68,235 1,126 788 TOTAL $19,361 $13,553
JTrenert
August 30, 2022 |
It is ludicrous in this day and age to have an account where it takes so long to get your money. This may be Sallie's racket, but I am out.
terrible for existing users
July 13, 2022 |
Sallie Mae is offering a 10-month no penalty cd at 1.85% and a 14-month no penalty cd at 2.20 on something called save better. These are like cash rates since the can be withdrawn after 6 days with no penalty, but if you are an existing customer (like me, for over 10 years) you cannot take advantage of these. They aren't available through the regular website.