Savings

College Choice CD 529

Save for college and benefit from great tax advantages with an FDIC-insured CD

Benefits

  • Choose from three FDIC-insured CD plans1 that provide principal protection to make saving for college safe and secure
  • Earnings and distributions used to pay for qualified education expenses are tax-free2
  • For Indiana taxpayers, contributions make to this plan are eligible for a state income tax credit of 20%, up to $1,000 per year3
  • Open an account with as little as $25 a month when you sign up for direct deposit or payroll deduction

Drop in one of our branch locations or call our One Call Center at (888) 522-2265 to get more information about a CollegeChoice CD 529 Savings Plan.

Or visit CollegeChoiceCD to request more information.4

1The 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 CollegeChoice 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, up to the maximum amount. Please see the Enrollment Kit for further information. The CollegeChoice CD 529 Savings Plan is not insured by the State of Indiana. Neither the principal invested nor the investment return is guaranteed by the State of Indiana.
2Contact your tax or legal advisor to answer your specific questions about eligibility, distributions and penalties.
3This credit may be subject to recapture from the account owner (not the contributor) in certain circumstances, such as a rollover to another state’s qualified tuition program or a non-qualified withdrawal. The credit does not apply to rollovers from another state’s qualified tuition program.
4The Enrollment Kit includes a Disclosure Statement that discusses investment objectives, risks, charges, expenses and other important information; read and consider it carefully before investing.

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