Direct Deposit Options

The funds for their education will be there when you need it.

With Direct Deposit, saving for your loved one's future education is even easier!

A great way to invest regularly in your loved one's college savings is through payroll direct deposit or automatic direct deposit from your financial institution.

  • There are no checks to write, stamps to buy or deposit slips to fill out.
  • Change the amount or frequency of your deposits at any time.
  • As a direct deposit customer, you'll receive quarterly statements to keep you apprised of your progress.

Payroll Direct Deposit allows you to have $25 or more deducted from your paycheck and deposited into the CollegeSure CD. $100 or more is the minimum deposit for the InvestorSure CD and our series of fixed rate CDs.

Automatic Direct Deposit allows you to set up transfers of $100 or more monthly or $250 or more quarterly from your account at another financial institution to the CollegeSure CD. $250 a month is the minimum deposit for the InvestorSure CD as well as our fixed rate CDs.

Also remember, you can make a contribution to your existing account online using e-check. All you need is your College Savings Bank account number, and your checking account number and routing number to complete the transaction. No more stamps necessary.

All Deposit Options:


Deposit Option CollegeSure CD* InvestorSure CD** Fixed Rate CD***
Mail-In $250 check $500 check $500 check
Debit Card/Credit Card**** $500 online or on the phone $500 online or on the phone $500 online or on the phone
Payroll Direct Deposit $25 per pay period $100 per pay period $100 per pay period
Direct Deposit (from your bank) $100 a month $250 a month $250 a month
Rollovers Permitted, Call 1.800.888.2723 Permitted, Call 1.800.888.2723 Permitted, Call 1.800.888.2723
E-Checks $250 online $500 online $500 online

*CollegeSure deposits under $250 are held in an interest bearing savings account. Each time your balance reaches $250, a CD purchase is made.

**InvestorSure deposits under $1,000 are held in an interest bearing savings account. Each time your balance reaches $1,000, a CD purchase is made.

***College Savings Bank is currently offering 1- and 3-year fixed rate CDs.To lock in the posted CD rate, you must open and fund your CD online. If you prefer to mail in a check to fund the CD, it will be opened at the highest available rate for the term selected when your check is received.

****Credit cards may only be used to open a new account with a 3-year or more maturity date given at the time of opening the account. Credit card transactions may not be used to make any additional deposits.


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