Bank · FDIC insured
Sallie Mae
Top CarrotA $28.5B bank, the 75th largest of 4,207, headquartered in Salt Lake City, UT, with 1 branch in Utah. It opens accounts online nationwide. Best rates: CDs 4.75% and savings 4.00% APY.
Sallie Mae Carrot Score
Carrot ScoreTop Carrot
Higher than 99% of U.S. banks and credit unions
#4 of 19 nationwide online banksHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Sallie Mae
Sallie Mae Bank is a subsidiary of SLM Corporation.
The bank specializes in education financing, offering private student loans alongside deposit products.
- Headquarters
- 175 S West Temple, Salt Lake City, UT 84101
- FDIC certificate
- 58177 ↗
Branches
1 branch in Utah
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Utah
1 branch
- Sallie Mae BankMain office175 S West Temple, Salt Lake City, UT 84101Directions
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 | 10.17% | 9.97% | 10.85% or more |
| Troubled loansNoncurrent | 0.65% | 0.70% | 0.47% or less |
| ProfitabilityReturn on assets | 2.77% | 1.23% | 1.55% or more |
| LendingLoans per $100 deposited | $104 | $85 | — |
- CapitalLeverage ratio10.17%Peers’ middle 9.97% · Top 25% 10.85%+
- Troubled loansNoncurrent0.65%Peers’ middle 0.70% · Top 25% ≤0.47%
- ProfitabilityReturn on assets2.77%Peers’ middle 1.23% · Top 25% 1.55%+
- LendingLoans per $100 deposited$104Peers’ middle $85
Compared with the 164 banks with $10 billion or more 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 Sallie Mae are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.