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Specially designed to help save for college, this two-year CD combines the flexibility of a savings plan with high CD rates. After first renewal, withdraw during the term for college expenses or at maturity for any reason. The rate for initial and subsequent deposits is determined by the amount of the deposit and the number of months until maturity. Add to your principal during the course of maturity and build high interest earnings. Additional features include:
- $100 minimum deposit, but must grow to $500 within one year. Deposit of $10,000 or more earns bonus rate.
- No service fee.
- Deposit $25 if you elect monthly automatic deposits, or deposit $50 or more anytime.
- After the first renewal, there are no penalties for withdrawals for educational expenses provided that the owner or beneficiary has graduated from high school and is 22 years old or less.
Click here to view current rates.
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