Sallie Mae Rate Changes as of 2-28-2025

RichardW | Feb 28, 2025 | 830 posts since 2019

Sallie Mae raises the rates of 4 CDs.

Sallie Mae rates (APY) as of 2-28-2025 include:

High-Yield Savings Account @ 3.90% (no change)

Money Market Account @ 3.90% (no change)

6-month @ 3.95% (no change)

9-month @ 4.00% (no change)

11-month @ 4.15% (was 4.05%)

12-month @ 4.15% (was 4.00%)

13-month @ 4.15% (was 4.05%)

15-month @ 4.25% (was 3.95%)

18-month @ 3.80% (no change)

24-month @ 3.75% (no change)

30-month @ 3.70% (no change)

36-month @ 3.40% (no change)

60-month @ 3.80% (no change)

For more information regarding Sallie Mae Bank products see: https://www.salliemae.com/banking/rate-table/

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RichardW | Feb 28, 2025 | 830 posts since 2019

The par yields of several Treasuries as of 2/27/2025 are listed below (see: https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treas...).

If you are currently considering the purchase of a CD, you may wish to consider a Treasury instead. Since Treasuries are exempt from state and local income taxes, depending on your taxable income and state of residence, the taxable-equivalent yields could be higher than the yields shown below.

1-month: 4.38%
1.5-month: 4.38%
2-month: 4.38%
3-month: 4.32%
4-month: 4.32%
6-month: 4.28%
1-year: 4.13%
2-year: 4.07%
3-year: 4.05%
5-year: 4.09%
7-year: 4.19%
10-year: 4.29%

For new DA readers who are not familiar with how to purchase Treasuries, here is a useful video which explains how to buy new-issue Treasury Bills, Treasury Notes, Treasury Bonds from Fidelity & TreasuryDirect:
https://www.youtube.com/watch?v=rFuiC-UNeMc&list=PLsv_4H5rP97FNVjjEOvf4rf5ceQ29T_Uw
The portion of the video which describes the steps of how to buy new-issue Treasuries from Fidelity & TreasuryDirect begins at approximately 16 minutes into this 26 minute video.

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