Important Update: 

Effective May 31, 2024, CollegeChoice CD will no longer offer the purchase of new One, Two, or Three Year Fixed Rate CDs. However, Account Owners with existing Fixed Rate CDs may continue to make contributions to their CD Options consisting of One, Two, or Three Year Fixed Rate CDs that are outstanding as of May 31, 2024, until May 30. 2025. Each of these CD Options will mature according to their standard schedule.  

Fixed Rate CD Overview

Offered with all of the features and tax benefits of a 529 college savings plan, IRA or ESA; College Savings Bank, a Division of NexBank Fixed Rate CDs include only 1-, 2- and 3-year options.

Benefits of Fixed Rate CDs:

• Issued exclusively by College Savings Bank, a Division of NexBank.
• FDIC-insured to at least $250,000 for amounts held in the same right and capacity.
• NO FEES.
• Offered in our FDIC-insured 529 offerings.
• Offered directly to all U.S. residents.
• State tax-deductible for residents of Montana and Arizona through our 529 Plans as well as residents of Maine, Kansas, Pennsylvania and Missouri.
• Affordable with multiple deposit options.


• Our CDs are designed for families that already know what is important. 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 of our CD products, or move the funds to another plan until your child is ready to pay for school.
  
   

   

  For more information, view the Fixed Rate CD Terms and Conditions.