Friday, October 27, 2006

College Savings Bank

The CollegeSure CD is a certificate of deposit indexed to college costs and guaranteed to meet future tuition, fees, room and board. CollegeSure CDs are issued only by College Savings Bank.

The CollegeSure CD is a college cost prepayment product. It pays an annual percentage yield tied to the rise in college costs each year and it has a 2.00% floor rate for added protection. Over the one-year period ended July 31, 2006, the college inflation rate was 5.74%.

Each CD deposit of $250 or more is measured in terms of "units." Units are a measure of how much college you've prepaid. One unit, at maturity, is equal to one full year's average tuition, fees, room and board at a four-year private college as measured by the Independent College 500 Index (IC 500).

Comments: Post a Comment

Links to this post:

Create a Link



<< Home

This page is powered by Blogger. Isn't yours?