Offered with all of the features and tax benefits of a 529 Plan, IRA or ESA the
College Savings Bank series of fixed rate CDs include one- and three-year options and
an interest rate bonus for large deposits.
All College Savings Bank fixed rate CDs are:
- FDIC Insured to at least $250,000 per depositor through December 31, 2013.
- free of enrollment fees or other management charges.
- affordable with multiple deposit options.
- tax-deductible for Montana and Arizona residents through our 529 Plans as well
as residents of Maine, Kansas, Pennsylvania and Missouri.
- offered with one- and three-year maturities.
You can mail in deposits of as little as $500, or sign up for a direct deposit
program. Direct deposits from your bank or brokerage account are as low as $250 a
month. Payroll direct deposits are as little as $100 per pay period.
College Savings Bank's CDs are designed for families that already know what is
important. Unlike the CDs offered from College Savings Bank, many other investments can
lose value and leave your child's college education, or your retirement underfunded. At
maturity, you can use the funds to pay qualified higher education expenses, re-invest
in another College Savings Bank CD, or move the funds to another plan until your child
is ready to pay for school.
|
|
|
| 1 Year (regular) |
0.60% |
$500 |
| 3 Year (regular) |
2.00% |
$500 |
| 1 Year (large) |
0.65% |
$10,000 |
| 3 Year (large) |
2.10% |
$10,000 |
*APY (Annual Percentage Yield) is accurate as of
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. Call 1-800-888-2723 to submit your
application on the phone.
Please mail all checks to:
College Savings Bank
c/o fixed rate CDs
5 Vaughn Drive
Suite 100
Princeton, NJ 08540
Page Links:
- Enroll Online - Fixed
Rate Disclosure - 529 Plans - IRA
Plan