2008 Press Releases
10/22/2008: College Savings Bank Now Offers Suite of Fixed Rate CDs through the Arizona 529 Plan
College Savings Bank, the nation’s only Bank dedicated exclusively to helping families save for higher education, has added a series of fixed rate certificates of deposit to its line up of college savings products. Through the Arizona Family College Savings Program (AFCSP), College Savings Bank now offers both 1- and 3-year CDs with the tax benefits of a state sponsored 529 plan.
8/14/2008: The InvestorSure CD from College Savings Bank is Now Available through the Arizona Family College Savings Program
The InvestorSure CD from College Savings Bank is now available through the Arizona Family College Savings Program (AFCSP). Launched on August 1, 2008, the InvestorSure CD is an additional product in the AFCSP that can help families save for the higher education of their children and loved ones through the Arizona 529 Program.
6/3/2008: Second Offering of the InvestorSure CD from College Savings Bank nets $2 million in deposits
According to College Savings Bank, the InvestorSure CD is a hit with families saving for a future college education. Introduced to the 529 college savings plan world in December 2007, the InvestorSure CD, first issued on February 1, 2008, amassed $1 million in deposits on behalf of 159 account holders. The second issuance of the InvestorSure CD, on May 1, 2008, generated $2 million in deposits on behalf of 168 account holders. The next InvestorSure CD will be issued on August 1, 2008.
4/15/2008: College Savings Bank named 21st Largest Bank in the State of New Jersey
VIsit College Savings Bank in Princeton, New Jersey and you will find they don't offer checking accounts or savings accounts. You can't get a car loan, home loan or even a personal loan; yet as of December 2007, they are the 21st largest bank in the state of New Jersey. What you can get at College Savings Bank are tools to help you save for your children's future college education costs.
3/18/2008: The Economy in a Slump--Put Your Money Somewhere Safe
Since 2007, there has been discussion of a possible recession starting in late 2007 or early 2008. Instability has led to significant declines in equity markets around the world, causing many investors to face their losses. It's a serious issue for many, but with the right resources you can protect your money from volatility. At College Savings Bank, conservative saving tools help to protect deposits. With college costs rising at double the inflation rate, now is the perfect time to put away savings safely for the future.
3/18/2008: Saving Pays, Literally
By Saving with a 529 Plan, Parents Can Accumulate Interest, Instead of Paying Interest
If you need more reasons to save for college, we may have something that will convince you. With a little research, you will find that saving money in advance for your child’s education can almost double your rewards. According to the College Board, saving any amount of money can make a big difference in what you can afford to pay for college. Further, your savings will allow you to gain interest, instead of paying interest on student loans down the road.
2/13/2008: First InvestorSure CD Offer from College Savings Bank Sees Promising Numbers
A new, equity based CD that does not put your principal at risk, is now available through the Montana 529 College Savings Plan
New to the Montana Family Education Savings Program, the InvestorSure CD offers the upside of the performance of the S&P 500 without any downside. This unique product allows college savers to see the benefits of the stock market, with the safety of FDIC insurance and principal protection. As part of the initial offering, the InvestorSure CD attained assets exceeding $1 million in its first 7 weeks. College Savings Bank hopes to reach $10 million in assets by the end of 2008.
2007 Press Releases