Sallie Mae bank is currently offering some top CD rates and savings account rates via their online bank.

Sallie Mae CDs have the following features:

• No minimum balance
• No monthly charges
• No hidden fees
• FDIC insured

Current Sallie Mae CD rates as of 7/14/2010:

• 12 month CD – 1.50% APY
• 3 Year CD – 2.20% APY
• 5 Year CD – 3.00% APY

Sallie Mae’s online savings account features a 1.40% APY and is amongst the top savings rates available online. This account features:

• No Minimum Balance
• No Monthly Fees
• Daily Compounded Interest
• FDIC Insured

Both accounts can be opened online quickly and with minimal effort.