| CD Term |
Issue Margin* |
Interest Rate Cap* |
Maximum Interest Rate* |
| Less than 3 years |
3.81% |
3.00% |
3.55% |
| 3 years or more but less than 5 years |
3.40% |
3.00% |
3.96% |
| 5 years and over |
2.75% |
3.00% |
4.61% |
*APY (Annual Percentage Yield) is accurate as of
. Any interest rate change will become effective after 2:00 pm Eastern Time.
CollegeSure CDs pay interest each year they remain outstanding at a variable interest rate equal to the prior July 31 college inflation rate, as measured by the College Board's Independent College 500® (IC500) Index change less an issue margin determined at the Contribution Date. The variable interest rate will be subject to a maximum rate (or cap) which is also determined at the Contribution Date. The interest rate will be reset on July 31 each year based on the change in the IC500 Index and the interest rate cap. The 2011 College Inflation Rate was 4.36%.
Account Owners will receive the published issue margin and interest rate cap on the Contribution Date. To lock in a posted margin and interest rate cap, you must open and fund your account online with a minimum investment of $250. If you prefer to mail in a check to fund the CD, the account will be opened at the issue margin and interest rate cap for the term selected on the Contribution Date. Enroll online, mail in an enrollment form or call 1.800.888.2723 to submit your application over the phone.
For more information, view the
CollegeSure CD Terms and Conditions.