College Savings Bank, a Division of NexBank SSB CDs have been a popular way to save when seeking predictability and stability for your funds—with good reason, given the unpredictable markets. CDs are the easiest way to save for college or any other future needs. They usually offer a higher interest rate than regular savings or money market accounts. Basic CDS are taxable. Every January you will be mailed a Form 1099, reporting the total annual interest earned for federal and state income tax purposes. Thus, there is no lump sum tax liability when your CD matures.

  • Deposits at a low $250 minimum to open an account.
  • Terms available from 1- to 22-years.
  • FDIC-insured up to $250,000 for accounts held in the same right and capacity.

Compare our Basic CDs to find the right one for you.

Feature CollegeSure CD® Fixed Rate CD
Good when: You want returns tied to the rate of college inflation that offer short- or long-term commitment.  You want a fixed rate without a long-term commitment 
Term:  1 – 22 Years  1- and 3-Year(s)  
CD opening minimum balance:  $250  $250
Benefits:  Earnings tied to the rate of college inflation  Predictable return 
Early withdrawal fee:  Yes  Yes 
Transaction limitations:  No additional deposits until maturity  No additional deposits until maturity 
FDIC insured:  Yes  Yes 
Accessible in Online Banking:  Yes  Yes