The CollegeSure CD is a variable rate certificate of deposit offered with an annual percentage yield tied
to the rise in college costs as measured by the College Board's Independent College 500® Index (IC 500®).
On July 31, 2012, college
inflation, as measured by the IC 500
was 4.25%. For the past 10-years, college inflation has risen twice as fast as
The CollegeSure CDs are:
- issued exclusively by College Savings Bank.
- FDIC-insured to at least $250,000 per depositor.
- offered with all of the features and tax benefits of a 529 Plan, IRA or
- tax-deductible for Montana and Arizona residents through our 529 Plans as well
as residents of Maine, Kansas, Pennsylvania and Missouri.
- affordable with multiple deposit
- free of enrollment fees or other management charges.
View the CollegeSure CD Pricing
webpage to see issue margins and interest rate caps, effective March 28, 2011.
CollegeSure CDs are offered with the flexibility of 1 to 22 year maturities. They
are also affordable with with multiple deposit
options, including mail deposits of as little as $250. Direct Deposits from your
bank or brokerage account as low as $25 a month and Payroll Direct Deposits are as little
as $25 a pay period.
|5-Year Increase in College Costs*
||Private Tuition Only
||Public Tuition Only
CollegeSure CDs pay interest annually on July 31st each year they remain outstanding. The interest rate is equal to the prior year’s college inflation rate as measured by the IC 500 change less an issue margin, and is subject to a maximum interest rate which is equal to the first year’s interest rate plus an interest rate cap. The interest rate on the CollegeSure CD is reset annually on July 31 based on the change in the IC 500. The issue margin and the interest rate cap are determined on the contribution date.
For the past thirty-one years, the annual college
inflation rate has ranged from a low of 4.15% to a high of 14.35%. For the last ten
years, the college inflation rate has averaged more than 5.00% a year.
For more information, view the
CollegeSure CD Terms and Conditions.