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

Retrieved on: 
Monday, June 10, 2019
Economy, Finance, Financial services, Banking, Bank regulation in the United States, Federal Deposit Insurance Corporation, 529 plan, Certificate of deposit, Bank, Ascensus, College Savings Plans Network

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

Key Points: 
  • The study which was conducted by SavingForCollege.com, a leading independent college savings resource and authority on 529 plans, compares yields of federally-insured investment options offered by twenty-eight 529 plans in the nation.
  • CSB is the program manager for the AFCSP Bank Plan and Indiana's CollegeChoice CD 529 Savings Plan, both available nationwide.
  • College Savings Bank, a Division of NexBank SSB (CSB) is the program manager for the unique FDIC-insured Arizona Family College Savings ProgramBank Plan and Indiana's CollegeChoice CD 529 Savings Plan (both offered nationwide).
  • Focused on college savings since 1987, CSB provides FDIC-insured CD investment options and a high-yield savings account without charging any fees.

Yields on FDIC-Insured 529 Plan Options Edge Higher, According to Savingforcollege.com Study

Retrieved on: 
Saturday, May 11, 2019
Economy, Finance, Financial services, Bank regulation in the United States, Independent agencies of the United States government, Certificate of deposit, 529 plan, Federal Deposit Insurance Corporation, Bank, National Credit Union Administration, College Savings Plans Network

"Investors with a shorter time horizon can protect their principal college savings investment while taking advantage of 529 plan benefits."

Key Points: 
  • "Investors with a shorter time horizon can protect their principal college savings investment while taking advantage of 529 plan benefits."
  • The study found that yields on all FDIC-insured and NCUA-insured 529 plan investment options have increased since the study was last published in May 2018.
  • Yields on savings account options increased by 105 basis points (1.05%) on average and yields on Certificate of Deposit (CD) options increased 70 basis points (0.70%) on average.
  • The highest-yielding CD options were available through the Arizona Family College Savings Plan Bank Plan, Indiana's CollegeChoice CD 529 Savings Plan and Ohio's CollegeAdvantage Direct 529 Savings Plan.

Nationwide Survey Declares First Internet Bank Checking and CD Accounts Among the Best

Retrieved on: 
Tuesday, January 29, 2019
Professional services, Banking, Finance, Other Professional Services, Financial services, Economy, Finance, Bank deposits, Banking, Bank account, Deposit account, First Internet Bancorp, Bank, Certificate of deposit, Transaction account

First Internet Bank offers one of the 10 Best Checking Accounts in America, according to personal finance resource GOBankingRates.com.

Key Points: 
  • First Internet Bank offers one of the 10 Best Checking Accounts in America, according to personal finance resource GOBankingRates.com.
  • Our branchless delivery model enables First Internet Bank to pay high rates for checking, with low fees, and contribute meaningfully to the financial wellbeing of our customers.
  • GOBankingRates.com considered products from 100 different financial institutions in its survey and selected checking accounts offering favorable interest rates without hefty balance requirements.
  • The personal finance resource company also named First Internet Bank to its list of 10 Best CD Accounts in its review, based on the yields and opening deposit requirement of its 12-Month CD and 60-Month CD products.

Sallie Mae Bank Named Best Savings Account of 2019

Retrieved on: 
Friday, January 25, 2019
Technology, Internet, Professional services, Banking, Finance, Financial services, Finance, Economy, Banking, Sallie Mae, Annual percentage yield, Retail banking, Direct bank, Certificate of deposit, Bank, Federal Deposit Insurance Corporation, Savings account

Sallie Mae Bank the retail banking arm of Sallie Mae, the nations saving, planning, and paying for college company was recently named the Best Savings Account of 2019 and one of the 10 Best Online Banks of 2019 by GOBankingRates.com , a leading site for personal finance and consumer banking information.

Key Points: 
  • Sallie Mae Bank the retail banking arm of Sallie Mae, the nations saving, planning, and paying for college company was recently named the Best Savings Account of 2019 and one of the 10 Best Online Banks of 2019 by GOBankingRates.com , a leading site for personal finance and consumer banking information.
  • We are proud that our high-yield savings account was recognized and that our bank was ranked among the best.
  • In addition to a high-yield savings account and certificates of deposit, Sallie Mae offers a money market account, currently at 2.20 percent APY , and SmartyPig , a goal-based, online, high-yield savings account.
  • Sallie Mae Bank, member FDIC, is a subsidiary of SLM Corporation, commonly known as Sallie Mae.

TIAA Bank Named a Best Online Bank and Best CD Account of 2019 by GOBankingRates

Retrieved on: 
Thursday, January 24, 2019
Professional services, Banking, Finance, Financial services, Economy, Money, Banking, TIAA, Automated teller machines, Bank deposits, Bank, Economic history of Italy, ATM usage fees, Certificate of deposit, Fee

TIAA Bank, a national, full-service consumer and commercial bank, announced today that it has been named one of GOBankingRates' 10 Best Online Banks and 10 Best CD Accounts of 2019.

Key Points: 
  • TIAA Bank, a national, full-service consumer and commercial bank, announced today that it has been named one of GOBankingRates' 10 Best Online Banks and 10 Best CD Accounts of 2019.
  • TIAA Banks Yield Pledge Checking Account was highlighted for TIAA Banks commitment to keep its yields high, even after a promotional period.
  • TIAA Bank was praised for offering accounts with no monthly account fee and providing unlimited ATM fee reimbursements if customers maintain a minimum balance.
  • GOBankingRates also highlighted that across the board, TIAA Bank pays high CD rates.

Carver Federal Savings Bank Selects Six Community Organizations to Receive Funds Awarded by U.S. Treasury's BEA Program

Retrieved on: 
Wednesday, July 18, 2018
Economy, Finance, Money, Community development, Ethical banking, Carver Bancorp, Community development financial institution, Carver, Depository institution, Certificate of deposit, Community development bank

NEW YORK, July 18, 2018 /PRNewswire/ --Carver Federal Savings Bank ("Carver" or the "Bank"), a certified Community Development Fund Institution ("CDFI"), announced today that it has selected six community organizations to receive funds awarded to the Bank under the U.S. Treasury Department's Bank Enterprise Award ("BEA") program.

Key Points: 
  • NEW YORK, July 18, 2018 /PRNewswire/ --Carver Federal Savings Bank ("Carver" or the "Bank"), a certified Community Development Fund Institution ("CDFI"), announced today that it has selected six community organizations to receive funds awarded to the Bank under the U.S. Treasury Department's Bank Enterprise Award ("BEA") program.
  • The BEA program distributes funds through federally insured depository institutions that provide credit and financial services to underserved markets and populations, a central part of Carver's mission.
  • Carver received approximately $195,000 to award to non-profit organizations located in BEA-qualified areas that provide vital services to low- and moderate-income ("LMI") populations.
  • Carver Bancorp, Inc. (Nasdaq: CARV) is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank.

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

Retrieved on: 
Wednesday, June 6, 2018
Finance, Economy, Money, Bank regulation in the United States, Banking, Federal Deposit Insurance Corporation, 529 plan, Certificate of deposit, Bank, Ascensus, Inc.

This is the second consecutive year CSB received top ranks in the study.

Key Points: 
  • This is the second consecutive year CSB received top ranks in the study.
  • CSB is the program manager for the AFCSP Bank Plan and Indiana's CollegeChoice CD 529 Savings Plan, both available nationwide.
  • College Savings Bank, a Division of NexBank SSB (CSB) is the program manager for the unique FDIC-insured Arizona Family College Savings ProgramBank Plan and Indiana's CollegeChoice CD 529 Savings Plan (both offered nationwide).
  • Focused on college savings since 1987, CSB provides FDIC-insured CD investment options and a high-yield savings account without charging any fees.