Bank · FDIC insured
Nelnet Bank
A $3B bank headquartered in Draper, UT, with 1 branch in Utah. It opens accounts online nationwide. Best rates: CDs 4.25% APY.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. Savings: only special-purpose accounts (IRA, youth) are published. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- CDs894.25%for 16–30 monthsCD rates →
- Savings—3.50%Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Nelnet Bank
The bank was created to bring Nelnet's experience to education financing, focusing on student loans and savings products.
- Headquarters
- 13907 S Minuteman Dr, Draper, UT 84020
- FDIC certificate
- 59205 ↗
Branches
1 branch in Utah
Loading map…
Utah
1 branch
- Nelnet BankMain office13907 S Minuteman Dr, Draper, UT 84020Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 15.94% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 2.17% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 1.23% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $66 | $88 | — |
- CapitalLeverage ratio15.94%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent2.17%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets1.23%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$66Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Nelnet Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.