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|
|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.
|Minimum Deposit||$25 with payroll and bank direct deposit*||$25 with payroll and
bank direct deposit*
|Maturities||N/A||1-year, 2-year, and 3-year|
|Qualifies For Tax Incentive||Yes||Yes|
|Combined Account Maximum||$505,000||$505,000|
*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.