Sallie Mae Bank
For information concerning Sallie Mae Bank online bank, please click here .
Phone: 800 472 5543
ACH Number: 124085066
SWIFT Code: SLMYUS44XXX
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 $30 billion in assets. Customers can open an account at one of its 1 branches.
It was founded in 2005 and has approximately $30 billion in assets. Customers can open an account at one of its 1 branches.
Deposit Rates - December 19, 2025
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
3.90% | $0 | Compare |
|
SAV
|
3.90% | $1 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
6 Mo CD
|
3.90% | $2,500 | Compare |
|
9 Mo CD
|
4.10% | $2,500 | Compare |
|
12 Mo CD
|
4.00% | $2,500 | Compare |
|
15 Mo CD
|
4.10% | $2,500 | Compare |
|
18 Mo CD
|
3.95% | $2,500 | Compare |
|
24 Mo CD
|
3.50% | $2,500 | Compare |
|
36 Mo CD
|
3.90% | $2,500 | Compare |
|
60 Mo CD
|
4.00% | $2,500 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
3.85% | $0 | Compare |
Featured Home Equity Rates
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Intro APR: 8.500 %
After Intro:8.500 %
$25,000 - Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
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$0 Fees - Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Click here for more information on rates and product details.
Overview 2025
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 58177 |
| Date Established | 2005 |
| Assets | $ 29.55 billion |
| Loans | $ 21.22 billion |
| Deposits | $ 20.81 billion |
| Capital | $ 2.94 billion |
Summary Balance Sheet as of June 30, 2025
| ASSETS | |
| Cash & Balances due from depository institutions | $ 4.24 billion |
| Interest-bearing balances | $ 4.22 billion |
| Total securities | $ 1,650.66 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 21.22 billion |
| Loan loss allowance | $ 1,478.08 million |
| Trading account assets | $ 47.15 million |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 1,633.81 million |
| Total Assets | $ 26.61 billion |
| LIABILITIES | |
| Total deposits | $ 20.81 billion |
| Interest-bearing deposits | $ 20.76 billion |
| Deposits held in domestic offices | $ 20.81 billion |
| % insured (estimated)" | 94.22% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 4.23 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 412.16 millionn |
| Total Liabilities | $ 26.61 billion |
| Shareholders’ Equity | $ 2.94 billion |
Summary Income Statement as of June 30, 2025
| INCOME AND EXPENSES | |
| Total Interest Income | $ 1,317.77 million |
| Total Interest Expense | $ 542.44 million |
| Net interest income | $ 775.33 million |
| Provision for loan and lease losses | $ 174.83 million |
| Total non interest income | $ 246.85 million |
| Total non interest expense | $ 286.66 million |
| Pre-tax Net Operating Income | $ 680.06 million |
Customer Reviews for Sallie Mae Bank (3)
Rated 1.00 stars out of 5 - based on 3 reviews
Branches
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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 SAVINGSBank-$50,000N.A.3.90%17.26x (National Avg. - 0.23%)$0-SCENARIO
Year Rate
3.90%Annual
InterestAnnual Interest
(After Tax)1 50,000 1,950 1,365 2 51,950 2,026 1,418 3 53,976 2,105 1,474 4 56,081 2,187 1,531 5 58,268 2,272 1,591 6 60,541 2,361 1,653 7 62,902 2,453 1,717 8 65,355 2,549 1,784 9 67,904 2,648 1,854 10 70,552 2,752 1,926 11 73,304 2,859 2,001 12 76,162 2,970 2,079 13 79,133 3,086 2,160 14 82,219 3,207 2,245 15 85,426 3,332 2,332 16 88,757 3,462 2,423 17 92,219 3,597 2,518 18 95,815 3,737 2,616 19 99,552 3,883 2,718 20 103,434 4,034 2,824 TOTAL $57,468 $40,228 - 2ONLINE SAVINGSBank-$50,000N.A.4.00%17.70x (National Avg. - 0.23%)$1,000-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689
JPreston
January 7, 2023 |
Called and asked them to match rates offered through save better for a 15 year client since directly offered rates are no longer competitive. Received nasty response. My only regret now is that I need to call back to close account (cannot do it online).
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.