Deposits (Tables)

12 Months Ended

Dec. 31, 2013

Deposits [Abstract]

Schedule of Deposits

The following table summarizes total deposits at December 31, 2013 and 2012.

	December 31,			December 31,
	2013			2012
Deposits - interest bearing	$	9,239,554		$	7,671,123
Deposits - non-interest bearing	55,036			128,776
Total Sallie Mae Bank deposits	9,294,590			7,799,899
Less money market deposits with Upromise subsidiary	(293,040		)	(302,566		)
Total deposits	$	9,001,550		$	7,497,333

Interest Bearing Deposits

Interest bearing deposits at December 31, 2013 and 2012 are summarized as follows:

	December 31, 2013				December 31, 2012
	Amount		Year-End Weighted Average Stated Rate		Amount		Year-End Weighted Average Stated Rate
Money market	$	3,505,929	0.60	%	$	2,469,876	0.61	%
Savings	743,742		0.81	%	734,643		0.91	%
NOW	18,214		0.12	%	—		—	%
Certificates of deposit	4,971,669		1.39	%	4,466,604		1.55	%
Deposits - interest bearing	$	9,239,554			$	7,671,123

Schedule of Maturities of Time Deposits

Certificates of deposit maturities are summarized as follows:

	December 31,
	2013		2012
One year or less	$	2,030,190	$	1,261,445
After one year to two years	1,303,106		1,764,798
After two years to three years	675,405		789,129
After three years to four years	538,117		241,019
After four years to five years	424,851		410,213
Total	$	4,971,669	$	4,466,604

Noninterest bearing deposits

Noninterest bearing deposits at December 31, 2013 and 2012 are summarized as follows:

	December 31,
	2013		2012
Money market	$	55,036	$	109,545
NOW accounts	—		19,231
Deposits - noninterest bearing	$	55,036	$	128,776