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529 News
AZ CollegeSure plan to offer equity-indexed CD
(August 21, 2007) - By the end of 2007, if approved by Arizona, College Savings Bank will add a new variable rate certificate of deposit, indexed to the S&P 500 stock index, as an option in the CollegeSure 529 Plan. The FDIC-insured certificate of deposit will offer a principal guarantee and an upside of up to 100% of the average increase in the S&P 500 from purchase date through maturity. The time to maturity will be 5 years.
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