Save for College With Safe and Secure Growth!

The Bank Plan is sponsored by the State of Arizona and administered by the Arizona Commission for Postsecondary Education (ACPE). College Savings Bank, a Division of NexBank SSB (CSB) serves as Program Manager for the Bank Plan. CSB as a Program Manager, supports all aspects of the day-to-day operations of the Bank Plan, including marketing, recordkeeping and administrative support. The Bank Plan offers CDs and a Savings Account. CDs may be subject to early withdrawal penalties.

If you are not an Arizona taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in that state’s qualified tuition program. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. In addition, you should periodically assess, and if appropriate, adjust your 529 plan investment choices with your time horizon, risk tolerance and investment objectives in mind.

1. APY (Annual Percentage Yield) is accurate as of 6/1/2019. Rates are subject to change and may change without notice. 

2. 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. 

3. 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.

NexBank SSB 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.

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