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529 News

Arizona 529 adds fixed-rate CDs

(October 28, 2008) - The Arizona Family College Savings Program has added one- and three-year fixed rate certificates of deposit (CDs) in its College Savings Bank-managed 529 savings program. The new CDs are now offered alongside the program's variable-rate CDs that are pegged either to college cost increases (CollegeSure CD) or to the S&P 500 Index (InvestorSure CD).

Interest rates on the CDs as of October 28, 2008 range from 3.40% to 3.85% and the rates on new CDs may change at any time. To lock in the posted CD rate, the account owner must open and fund the CD online.

For more information, click here.

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