How is the InvestorSure CD priced?

Each InvestorSure CD pays a participation rate that is between 70-100% of the average increase in the S&P 500 from issue date to maturity and based on a formula. The exact participation rate of each CD will not be determined until the day the CD is issued. As an investor, you should assume that the rate is 70% when making your investment decision.
 

College Savings Bank, a Division of NexBank uses a complex formula to determine the participation rate and it requires data only available on the day of issue. While we will always strive to offer the InvestorSure CD at 100% of the S&P 500, it is not reasonable to assume this can be done for every issuance of the CD.

What happens if you do not receive my instructions upon maturity?

If College Savings Bank, a Division of NexBank does not receive instructions at maturity; we will the following default action: We will automatically transfer matured funds into a CollegeSure Honors Savings Account until distribution or other investment instructions are provided by the Account Owner.

What are my choices upon maturity?

The InvestorSure CD does not automatically renew. We will provide written notification at least 60 days before the Maturity Date. You must provide written instructions at least 30 days prior to the Maturity Date if you would like the proceeds upon maturity of the InvestorSure CD to be invested other than in accordance with the default action described below. If you provide instructions in good order, funds will be disbursed from your Account no later than the first Business Day following the Maturity Date.

If we do not receive instructions at maturity, we will take the following default action:
• CSB will automatically transfer matured funds into a CollegeSure Honors Savings Account until distribution or other investment instructions are provided by the Account Owner.
Alternatively, you may choose one of the following options at maturity:
• Transfer the matured funds to a 1-, 2- or 3-year
Fixed Rate CD; or
• Rollover the matured funds to another qualified program; or
• Take a Qualified or Non-Qualified Distribution of the funds.

InvestorSure CD

A 5-year variable rate CD product, indexed to the performance of Standard & Poor’s® 500 Composite Stock Index (S&P 500®).

Announcement:  We are in the process of making enhancements to our systems and core banking platforms. Therefore, we have elected to no longer issue new InvestorSure® CDs. August 1, 2016, College Savings Bank, a Division of NexBank (CSB), issued the last InvestorSure® CD. There will not be a November 1 issue, nor any subsequent issues. InvestorSure® CDs issued prior to August 2, 2016 will continue to be managed and serviced by CSB until their stated maturity date.