Investment Options - College Savings Bank
College Savings Bank
College Savings bank offers three direct to consumer sold FDIC insured Certificates of Deposits (CD’s) along with a savings account. All College Savings Bank’s savings options are FDIC insured up to $250,000.
| CollegeSure CD | InvestorSure CD | Fixed Rate CD | |
|---|---|---|---|
Interest Rate |
Variable |
Variable |
Fixed |
Rate Calculation |
Pays an annual percentage yield tied to the rate of college inflation as measured by the College Board’s Independent College 500® Index (IC 500®). |
Indexed to Standard & Poor’s® 500 Composite Stock Index (S&P 500®) and designed to benefit from market highs and protect against market lows, based on a specific formula. |
Offered with 1- and 3-year maturity options, earning a fixed rate of return for the entire term of the CD. |
FDIC Insured |
Yes |
Yes |
Yes |
Minimum Deposit |
$25 with payroll direct deposit* |
$25 with payroll direct deposit* |
$25 with payroll direct deposit* |
Fees |
None |
None |
None |
Maturities |
1 to 22 years |
5 year |
1- and 3-year |
Qualifies For tax Incentive |
Yes |
Yes |
Yes |
Principal Guarantee |
Yes |
Yes |
Yes |
Combined Account Maximum |
$350,000 |
$350,000 |
$350,000 |
For more information visit http://www.collegesavings.com/arizona/
* Please view provider disclosure for further details
The Arizona Family College Savings Plan is not insured by the State of Arizona or any of the program providers. Neither the principal deposited nor the investment return is guaranteed by the State of Arizona or the program providers.