Sallie Mae Bank Reviews (45)
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Customer service is awful. System won't allow 0 stars.
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Been using Sallie Mae bank for a few years. Online interface is easy, but I don't like the lengthy delays between when I transfer cash in with the ACH and when it clears and shows in the account. Takes something like 10 business days. I sometimes do this to buy 1 year CDs there, and it frustrates me that I have to wait forever for my money to appear.
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Very easy to set up a CD on their site. Rate is good, relatively speaking and the 12 month product has a 3 month breakage penalty so there isn't much risk. The only drag is that if you are planning to open a CD from your Sallie Mae savings account, the money is not available to use until a 10 day hold has passed.
Bjorne
May 7, 2017 |