CD Rates Fall At Sallie Mae Bank

Sallie Mae Bank had the best 5-year CD rate from an internet bank before the rates fell this morning. Here is how the rates changed on 11/05/2010:

• Term      new APY        old APY

• 5-year     2.45%            2.75%
• 3-year     1.85%            2.00%
• 1-year     1.30%            1.40%