Fixed Rate CD Deposit Options


We offer flexible savings options to fit a variety of budgets and lifestyles:

  • Open an account with as little as $250 and start preparing for their future college expenses today. 
  • Payroll Deductions (if your employer offers this service) allow you to have $25 or more deducted from each paycheck. 
  • Automatic Direct Deposit (ACH) allows you to set up transfers of $25 or more monthly from your local checking or savings account

Option Minimum Deposit*
Mail-In $250 Check
Payroll Deduction  $25 per pay period
Direct Deposit: From Your Bank $25 per month
Rollovers Permitted. Call: 1-800-888-2723
eChecks: New Account Existing  $250 Online
Make a Gift 
*Deposits under $250 are held in an interest bearing savings account. Each time your balance reaches $250, a CD purchase is made. To lock in the posted CD rate, you must open and fund your CD online. If you prefer to mail in a check to fund the CD, it will be opened at the highest available rate for the term selected when your check is received.

For more information, view the Fixed Rate CD Terms and Conditions.

* The Federal Deposit Insurance Corporation (FDIC) generally insures, with respect to each FDIC-insured institution, deposit accounts that are held in the same right and capacity up to the maximum amount set by federal law, currently $250,000. An account owner’s interest in the insurable balance of a College Savings Bank, a Division of NexBank CD account is insured by the FDIC on a pass-through basis, together with any other deposit accounts the account owner holds at College Savings Bank, a Division of NexBank, in the same right and capacity, up to the maximum amount.

 

 

 
College Savings Bank, a Division of NexBank
College 529 Plans
2515 McKinney Avenue, Suite 1100
Dallas, Texas  75201