Among the highest rates nationwide for FDIC-insured 529 Plans¹
No fees
Friends and Family can contribute easily
Available nationwide
High-Yield Savings Account
High-yield variable rate. FDIC insured.
Currently at 0.75% APY²
Fixed Rate CD
Offers maturities of 1, 2, and 3-year. FDIC insured.
Earn up to 1.50% APY²
3-year CD 1.50% APY²
2-year CD 1.50% APY²
1-year CD 1.15% APY²
Use your 529 Plan to pay for college and/or graduate school expenses!
Or trade schools and certain federal apprenticeship expenses!
Enroll your loved ones in a 529 College Savings Plan and take advantage of federal and state tax benefits.
1. Savingforcollege.com: “FDIC-insured products in 529 Plans.” SavingForCollege.com, May 2021. https://d3tc5xafqqxqk8.cloudfront.net/wp-content/uploads/2021/05/18110244/FDIC-Report-v2021_Final.pdf. FDIC-insured 529 Plan savings accounts and certificates of deposit accounts ranked by APY (Annual Percentage Yield).
2. APY (Annual Percentage Yield) is accurate as of 05/10/2022. Rates are subject to change and may change without notice.
Honor Savings Account Minimum Deposit Amount: The minimum initial contribution is $250 for enrollment. Additional contributions of $25 may be made to the existing Account under the same terms and conditions. Automatic Clearing House (ACH) and Payroll Deductions. If you do not intend to contribute $250 at one time for enrollment, you may contribute $25 per month if you use an ACH Plan or $25 per pay period using payroll deduction. The APY of the Honors Savings Account, under the APY selected at enrollment will be applied to your account, starting at a minimum balance of $25.
CD Minimum Deposit Amount: The minimum initial contribution is $250 for enrollment. Additional contributions of $25 may be made to the existing Account under the same terms and conditions. Automatic Clearing House (ACH) and Payroll Deductions. If you do not intend to contribute $250 at one time for enrollment, you may contribute $25 per month if you use an ACH Plan or $25 per pay period using payroll deduction. The APY of the Fixed Rate CD you purchase will be the APY offered as of the Contribution Date of your initial $25 contribution.
See product terms and conditions and disclosure statement for more information.
* Refer to collegechoicecd.com and CollegeChoice CD’s disclosure statement for additional details.
For more information about CollegeChoice CD Savings Plan ("CollegeChoice CD"), call 1-888-913-2885 or visit www.collegechoicecd.com/csbcms to obtain a Disclosure Statement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.
Before you invest, consider whether your or the beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in that state’s qualified tuition program. You should also consult your financial, tax, or other advisor to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to contact directly your home state’s 529 college savings plan(s), or any other 529 plan, to learn more about those plans’ features, benefits, and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
CollegeChoice CD is sponsored by the State of Indiana and administered by the Indiana Education Savings Authority. College Savings Bank, a Division of NexBank (CSB), serves as program manager for CollegeChoice CD. As program manager, CSB supports all aspects of the day-to-day operations of CollegeChoice CD, including marketing, recordkeeping, and administrative support. CollegeChoice CD offers portfolios that invest in either a CSB issued CD or a savings account. CDs may be subject to early withdrawal penalties. For additional information, please refer to the CollegeChoice CD Disclosure Statement. Download the CollegeChoice CD Information and Enrollment Kit.
CollegeChoice CD is not insured by the State of Indiana. Neither the principal invested nor the investment return is guaranteed by the State of Indiana.
NexBank and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
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 Bank Plan account is insured by the FDIC on a pass-through basis to each account owner up to the maximum amount. Under applicable FDIC regulations, accounts that have the same owner will be deemed to be held in the same right and capacity and will be combined for purposes of the $250,000 limitation. Interest that accrues on a Fixed Rate CD or CollegeSure Honors Savings Account is also covered by FDIC deposit insurance, subject to these same limitations.
CollegeChoice CD
College 529 Plans
2515 McKinney Ave, Suite 1100
Dallas, Texas 75201
1-888-913-2885
