Deposit Options

College Savings Bank® offers flexible savings options to fit a variety of budgets and lifestyles. Although it's never too late to start saving, you should try to begin while your children are young so you can make the most of tax free compounding.

Open your CollegeSure account with as little as $250, or your InvestorSure account with $1,000 (for InvestorSure accounts the Bank will accept mail-in deposits of as little as $500, and two mail-in deposits will fund an InvestorSure CD).

Even better, invest regularly through payroll direct deposit or automatic direct deposit from your financial institution.

  • There are no checks to write or deposit slips to fill out.

  • Change the amount or frequency of your deposits at any time.

  • As a direct deposit customer, you'll receive quarterly statements to keep you apprised of your progress.

Payroll Direct Deposit allows you to have $25 or more deducted from your paycheck and deposited into the CollegeSure CD.  $100 or more is the minimum deposit for the InvestorSure CD.

Automatic Direct Deposit allows you to set up transfers of $100 or more monthly or $250 or more quarterly from your account at another financial institution to the CollegeSure CD. $250 a month is the minimum deposit for the InvestorSure CD.

Deposit Option CollegeSure CD* InvestorSure CD**
Mail-In $250 check or money order $500 check or money order
Credit Card / Debit Card $500 online or on the phone $500 online or on the phone
Payroll Direct Deposit $25 per pay period $100 per pay period
Automatic Direct Deposit (from your financial institution) $100 a month or $250 a quarter $250 a month
Rollovers Permitted with direct rollover form. Call 800-888-2723 for assistance Permitted with direct rollover form. Call 800-888-2723 for assistance
E-Checks CSB now offers the convenience of E-Checks. Call 800-888-2723 for assistance CSB now offers the convenience of E-Checks. Call 800-888-2723 for assistance

*CollegeSure deposits under $250 are held in an interest bearing savings account. Each time your balance reaches $250, a CD purchase is made.

**InvestorSure deposits under $1,000 are held in an interest bearing savings account. Each time your balance reaches $1,000, a CD purchase is made.

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