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The Arizona Family College Savings Program-Bank Plan (AFCSP-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 serves as a Program Manager for the AFCSP-Bank Plan. As a Program Manager, College Savings Bank, a Division of NexBank SSB supports all aspects of the day-to-day operations of the AFCSP-Bank Plan, including marketing, recordkeeping and administrative support. The AFCSP-Bank Plan offers portfolios that invest in either a College Savings Bank, a Division of NexBank SSB issued FDIC-insured CD or a savings account. CDs may be subject to early withdrawal penalties. For additional information, please refer to the AFCSP-Bank Plan Disclosure Statement. Download the Arizona Family College Savings Program-Bank Plan Information and Enrollment Kit. Generally, contributions to and earnings on investments in the AFCSP-Bank Plan are insured by the FDIC on a pass-through basis to each account owner, in the same right and capacity, up to the maximum amount set by federal law, currently $250,000. Under the FDIC regulations, accounts that have the same owner and the same designated beneficiary will be combined for purposes of the $250,000 limitation. Tax and other penalties may apply to non-qualified withdrawals from a AFCSP-Bank Plan account. You should consult your financial, tax, or other adviser to learn how state-based benefits (or limitations) will apply to your specific circumstances. The AFCSP-Bank Plan is not insured by the State of Arizona, nor is the principal and interest invested in the plan thereon guaranteed by the State of Arizona. For additional information, please refer to the Arizona Family College Savings Program Disclosure Statement.
CollegeChoice CD is administered by the Indiana Education Savings Authority. College Savings Bank, a Division of NexBank SSB serves as the program manager and provides recordkeeping and administrative services. As program manager, College Savings Bank, a Division of NexBank SSB has overall responsibility for the day-to-day operations, including marketing and distribution of CollegeChoice CD. Subject to certain limitations, CollegeChoice CD accounts are insured on a pass-through basis by the FDIC up to the maximum amount set by federal law, currently $250,000. CDs may be subject to early withdrawal penalties. Tax and other penalties may apply to non-qualified withdrawals. CollegeChoice CD is not insured by the State of Indiana. Neither the principal invested nor the investment return is guaranteed by the State of Indiana. For additional information, please refer to the CollegeChoice CD Disclosure Statement.
Tax and other penalties may apply to non-qualified withdrawals. You should consult your financial, tax, or other adviser to learn how state-based benefits (or limitations) will apply to your specific circumstances.
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