< Back to Newsroom
Author: Created: Saturday, October 5, 2013
News
By regina on Friday, September 11, 2020
College Savings Bank, a Division of NexBankTops Ranks for Fourth Consecutive Year in FDIC-insured 529 Plan Study

In a study1 of FDIC-insured 529 plans, College Savings Bank, a Division of NexBank (CSB) ranked first nationally based on Annual Percentage Yield (APY) net of fees for Certificates of Deposit of 1-, 2-, and 3-year maturities. CSB also ranked in the first quartile for savings accounts based on APY net of fees.

The study was conducted by SavingForCollege.com, a leading independent college savings resource and authority on 529 plans, and compares the yields of federally-insured investment options offered by twenty-eight 529 plans in the U.S.

Since the study was published on June 30, 2020, CSB changed its rates. CSB continues to hold the position of first in the nation for Certificates of Deposit (1, 2 and 3-year) based on APY net of fees and remains in the first quartile for savings accounts based on APY net of fees.

Read the entire study. Free Download!

...
By regina on Friday, September 11, 2020

Top Benefits of Saving with an FDIC-Insured 529 Account

by Savingforcollege.com

 

A 529 college savings plan is a tax-advantaged account that can be used to pay for education expenses from kindergarten all the way through graduate school. Unlike a traditional 529 college savings plan, an FDIC-insured 529 plan is backed by the full faith and credit of the United States government up to certain limits, in the event of a bank failure.

 

Read the entire guide to learn about the top benefits of saving with an FDIC-Insured 529 account. Free Download!

By regina on Monday, June 10, 2019
In a study1 of FDIC-insured 529 college savings plans, College Savings Bank, a Division of NexBank SSB (CSB) ranked first in the nation based on Annual Percentage Yield (APY) net of fees for Certificates of Deposit (3-year maturity).
By regina on Tuesday, June 19, 2018

College Savings Bank, a Division of NexBank SSB Tops Ranks for Second Consecutive Year in FDIC-insured 529 Plan Study

By regina on Thursday, January 25, 2018

by: Brian Boswell, SavingForCollege.com

By regina on Thursday, March 12, 2015

by Kathryn Flynn, Savingforcollege.com  |  Date Published: 3/11/15

Tax season is well under way, and many of us have been spending the past few weeks getting our financial records in order. When you dig out last year’s filing, you’re relieved to see that almost everything looks the same this year. Except what about that 529 plan you opened for your son in January? Do your college savings need to be reported to the IRS?

By regina on Friday, November 14, 2014
With college costs rising to astronomical levels, many parents worry that they won’t be able to sufficiently fund their child’s 529 plan in time to pay the first tuition bill. One strategy that has been gaining popularity is enlisting the help of friends and family.
By regina on Friday, November 14, 2014
Many families agree that 529 college savings plans are one of the best and easiest ways to save for college. However, just like any investment, the underlying portfolio of a 529 account may be exposed to stock and bond market risks, which can be a cause for concern. After all, you want to rest easy knowing the money you put into your child or grandchild’s college fund will remain secure. So how can you protect your principal college savings investment but still take advantage of lucrative tax benefits?
By regina on Friday, September 5, 2014
New and Ease-of-Use Feature Allows Account Owners to Post Banners to their Facebook Timeline.
Princeton, NJ (PRWEB) September 04, 2014
By regina on Tuesday, August 19, 2014

Posted: 2014-08-12
by Kathryn Flynn

*529 programs managed by College Savings Bank are available in all 50 States.