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College Savings Bank, a Division of NexBank, Tops Ranks for Fifth Consecutive Year in FDIC-insured 529 Plan Study

By Regina on 7/14/2021

This is the fifth consecutive year CSB received top ranks in the study.  The study, which was conducted by SavingForCollege.com, a leading independent college savings resource and authority on 529 plans, compares yields of federally-insured investment options offered by thirty-one 529 plans in the nation.

 

CSB is the program manager for Arizona’s Bank Plan and Indiana’s CollegeChoice CD 529 Savings Plan, both available nationwide. CSB’s products are FDIC-insured, have no fees and provide tax benefits.  CSB offers a savings account with a variable rate (0.64% APY2) and a range of fixed-rate certificates of deposit – 3-year certificate of deposit (0.75% APY2), 2-year certificate of deposit (0.65% APY2), and a 1-year certificate of deposit (0.65% APY2).

 

The full FDIC-insured 529 Plan study can be found at https://www.savingforcollege.com/article/new-study-fdic-insured-529-plans.  The data of the study is as of March 31, 2021.

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