Sallie Mae 18-Month CD vs Sallie Mae Money Market
Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.
money8020 pick SM Sallie Mae 18-Month CD Sallie Mae Bank 93/100 | SM Sallie Mae Money Market Sallie Mae Bank 82/100 | |
|---|---|---|
| Tier | Essential | Strong |
| APY | 4.00% | 3.50% |
| Term | 18 months | $0 |
| Minimum deposit | $2,500 | $0 |
| FDIC insured | Yes | Yes |
| Annual fee | — | — |
| Best for | Savers who can lock $2,500+ for 18 months at a top rate | Savers who want check-writing with no minimum balance |
| View profile | View profile |
Which should you choose: the Sallie Mae 18-Month CD or the Sallie Mae Money Market?
The Sallie Mae 18-Month CD is the stronger pick of the two, with a money8020 score of 93/100 versus 82. Choose the Sallie Mae Money Market instead if savers who want check-writing with no minimum balance.
On aPY, the Sallie Mae 18-Month CD shows 4.00% versus the Sallie Mae Money Market's 3.50%. On term, the Sallie Mae 18-Month CD shows 18 months versus the Sallie Mae Money Market's $0. On minimum deposit, the Sallie Mae 18-Month CD shows $2,500 versus the Sallie Mae Money Market's $0. Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Sallie Mae 18-Month CD vs Sallie Mae Money Market: FAQ
Is the Sallie Mae 18-Month CD or the Sallie Mae Money Market better?
By our scoring, the Sallie Mae 18-Month CD edges ahead with a money8020 score of 93/100 versus 82. The Sallie Mae Money Market can still be the better fit if savers who want check-writing with no minimum balance.
What is the main difference between the Sallie Mae 18-Month CD and the Sallie Mae Money Market?
On aPY, the Sallie Mae 18-Month CD offers 4.00% while the Sallie Mae Money Market offers 3.50%. Review the full table above and confirm current terms with each provider. This is not financial advice.