Friends and family can easily contribute or open an account
Safe and Secure growth
Take advantage of federal and state tax benefits
Use your 529 Plan to pay for K–12, college, or graduate school tuition
Highest Rates Nationwide among FDIC-Insured 529 Plans
Friends and family can easily contribute or open an account
Safe and Secure growth
Take advantage of federal and state tax benefits
Among the Highest Rates Nationwide for FDIC-Insured 529 Plans
Use your 529 Plan to pay for higher education and apprenticeship programs.3
Including college and/or graduate school expenses!
Or trade schools and certain federal apprenticeship expenses!
1) Tax and other benefits are contingent on meeting certain requirements and certain other withdrawals are subject to federal, state, and local taxes.
2) Savingforcollege.com: “FDIC-insured products in 529 Plans.” SavingForCollege.com, September 2022. https://d3tc5xafqqxqk8.cloudfront.net/wp-content/uploads/2022/10/25105958/FDIC-Report-v2022_Publish.pdf. FDIC-insured 529 Plan savings accounts and certificates of deposit accounts ranked by APY (Annual Percentage Yield).
3) Refer to collegechoicecd.com and CollegeChoice CD’s disclosure statement for additional details.
Honors 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.
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.
CollegeChoice CD is sponsored by the State of Indiana and administered by the Indiana Education Savings Authority. College Savings Bank, a Division of NexBank (College Savings Bank) serves as Program Manager for CollegeChoice CD. As Program Manager, College Savings Bank 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 College Savings Bank 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.
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.
None of CollegeChoice CD, the Indiana Education Savings Authority, NexBank, or other organizations participating in the program are providing 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 College Savings Bank issued CD or CollegeSure Honors Savings Account is also covered by FDIC deposit insurance, subject to these same limitations.
© 2022 CollegeChoice CD 529 Savings Plan and College Savings Bank, a Division of NexBank. All rights reserved. Member FDIC.
