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College Savings Bank

College Savings Bank offers a high-yield savings account and three direct to consumer sold FDIC-insured Certificates of Deposits (CD’s). All College Savings Bank’s savings options are FDIC-insured up to $250,000 for accounts held in the same right and capacity.

CollegeSure Honors Savings Account © Fixed Rate CD
Interest Rate Variable Fixed
Feature A high-yield savings account for liquid assets. Offered with 1-, 2-, and 3-year maturity options, earning
a fixed rate of return for the
entire term of the CD.
FDIC-Insured Yes Yes
Minimum Deposit $25 with payroll and bank direct deposit* $25 with payroll and
bank direct deposit*
Fees None None
Maturities N/A 1-year, 2-year, and 3-year
Qualifies For Tax Incentive Yes Yes
Principal Guarantee Yes Yes
Combined Account Maximum $519,000 $519,000

*Please view Provider for additional details

The Federal Deposit Insurance Corporation (FDIC) generally insures, with respect to each FDIC-insured institution, deposit accounts that are held in the same right and capacity up to the maximum amount set by federal law, currently $250,000. An account owner’s interest in the insurable balance of a College Savings Bank, a Division of NexBank CD account is insured by the FDIC on a pass-through basis, together with any other deposit accounts the account owner holds at College Savings Bank, a Division of NexBank, in the same right and capacity, up to the maximum amount.

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