College Savings Bank
Save for college, retirement or any other future expenses in a stable and secure environment. Your money will be there when you need it!
"To be a partner to parents who are preparing their children for higher education. We are in the financial business,but as a partner, we treat all of our customers like family members - and in as such, deliver products and services to the market that we would want as parents ourselves."
Our primary business is college savings and has been since 1987. Customers want the assurance and security in knowing the money they saved is available at a set time, without erosion by market losses. Further, we are Program Manager for the tax- advantaged section 529 Bank Plan programs administered in the states of Arizona and Indiana. Members of College Savings Foundation and College Savings Plans Network.
NexBank is a regional bank with a charter that dates to 1922. It serves financial institutions, institutional clients, corporations and individuals with a wide range of banking products and services. Visit NexBank.com to learn more.
Residents of ALL 50 States are able to save in any of the FDIC-insured Bank Plan 529 programs managed by us— Arizona Family College Savings Program (AFCSP)—Bank Plan, and Indiana's CollegeChoice CD 529 College Savings Plan.
We are a member of the Federal Deposit Corporation, which means our deposits are insured by the Bank Insurance Fund of the FDIC for up to $250,000 for accounts held in the same right and capacity. Our 529 plans offer protection to all savers, as we help families save with reliable and stable investment options. Any U.S. taxpayer can participate regardless of income.
Use the proceeds at any accredited 2- or 4-year college, university, proprietary or vocational school nationwide or abroad for undergraduate and graduate studies. Also, higher education expenses include tuition, fees, textbooks, supplies, computers (and related services) and equipment required to attend an eligible institution. If the student’s enrollment qualifies for at least half time, room and board expenses are also eligible up to a specified level.
Accounts can be opened online, over the phone, via traditional mail or through one of our partnering financial advisors or bank affiliates. We accept rollovers from other qualified accounts; contributions through automatic monthly deposits; payroll deductions; and/or gifts from family and friends.
Open an account with $250 and/or start with as little as $25 as an automatic monthly deposit (ACH) from your bank account or payroll deductions through your employer.
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