Printer Friendly

Exploring New Jersey's Other 529 Plan Options.

College Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest.  of Princeton, New Jersey
See also: Princeton Township, New Jersey

Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756.
, offers FDIC FDIC

See: Federal Deposit Insurance Corporation


See Federal Deposit Insurance Corporation (FDIC).
 insured CDs through 2 state-sponsored 529 Plans

PRINCETON Princeton, borough (1990 pop. 12,016) and surrounding township (1990 pop. 13,198), Mercer co., W central N.J.; settled late 1600s, borough inc. 1813, township est. 1838. A leading education center, it is the seat of Princeton Univ. , N.J. -- Many New Jersey residents might not know it, but there's a great 529 provider based in Princeton. College Savings Bank has been offering 529 plan account holders unique and innovative college saving tools through the Arizona Arizona (âr'əzō`nə), state in the southwestern United States. It is bordered by Utah (N), New Mexico (E), Mexico (S), and, across the Colorado R., Nevada and California (W).  and Montana Montana (mŏntăn`ə), Rocky Mt. state in the NW United States. It is bounded by North Dakota and South Dakota (E), Wyoming (S), Idaho (W), and the Canadian provinces of British Columbia, Alberta, and Saskatchewan (N).  state-sponsored 529 programs for over 10 years. New Jersey families can choose from any 529 program or product with no state restrictions or limitations from College Savings Bank.

The products from College Savings Bank offer less risk than many other 529 plans. Offering 3 safe investment options, College Savings Bank products include principal protection, FDIC insurance up to $250,000 per depositor* and zero enrollment fees. The CollegeSure CD is a 3- to 22-year, variable rate CD indexed to a measure of college inflation. The InvestorSure CD is a 5-year, variable rate CD indexed to the average increase in the S&P 500[R] and does not risk principal. The Bank also offers a suite of Fixed Rates CDs with 1- and 3-year maturities and competitive rates.

Overall, College Savings Bank has been helping families save for over two decades from their same New Jersey based location. As Program Manager for both the Montana Family Education Savings Program and the Arizona Family College Savings Program, College Savings Bank has opened over 25,000 529 plan accounts since 1998 for families across the nation.

Doing things a little differently than other 529 plan providers may be the key to safe saving for families around the country. Account originations at College Savings Bank increased by 92.5% from 2007 to 2008 and total deposits increased by more than 23%. The Bank continues to see high growth in account originations for 2009 and believes that its conservative products may be key for the environment that the U.S. economy is currently experiencing.

"Much like with all investments today, parents and grandparents grandparents nplabuelos mpl

grandparents grand nplgrands-parents mpl

grandparents grand npl
 are seeking safety in college savings plans. We believe risking money in the stock market has created losses for many recently and college savings is not money families can afford to lose," said Dan Davenport Davenport, city (1990 pop. 95,333), seat of Scott co., E central Iowa, on the Mississippi River; inc. 1836. Bridges connect it with the Illinois cities of Rock Island and Moline; the three communities and neighboring Bettendorf, Iowa, are known as the Quad Cities. , Chief Marketing Officer for College Savings Bank.

The Bank's first priority is to preserve investor assets, therefore help to protect/safeguard a child's future educational needs. Market conditions cannot affect this pledge to the account holders of College Savings Bank. Families seeking a safer way to save for a future college education can look to College Savings Bank as we are one of the few FDIC insured banks currently offering a 529 plan and the only one that calls the Garden State "home". College Savings Bank offers a combination of various investment options, safe products and no fees, making us a smart choice to fulfill ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

 college savings needs for families.

For more information on College Savings Bank's 529 programs and products call 1-800-888-2723 or visit

*Member FDIC. FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December December: see month.  31, 2013.

Before investing in any 529 plan, you should consider the benefits of your home state's 529 plan. It may provide taxpayers with state tax and other benefits that are only available through your home state's 529 plan. You should also consult your financial, tax, or other advisor to learn how state-based benefits (or limitations) would apply to your specific circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact.
     2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or
. You also may wish to contact your home state's 529 plan[s], or any other 529 college savings plan, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision. Early withdrawal tax penalties apply and non-qualified withdrawals are taxable. The College Savings Bank 529 Plan is not insured by the State of Montana or the State of Arizona. Neither the principal invested nor the investment return is guaranteed by the State of Montana or the State of Arizona. [c] 2009 College Savings Bank. All rights reserved. InvestorSure is a registered service mark of College Savings Bank. S&P 500 is a registered trademark, used with permission, of The McGraw-Hill The McGraw-Hill Companies, Inc., (NYSE: MHP) is a publicly traded corporation headquartered in Rockefeller Center in New York City. Its primary areas of business are education, publishing, broadcasting, and financial and business services.  Companies, Inc. Read the 529 Plan Disclosure Statements carefully before you invest or send any money.

This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state, or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. College Savings Bank and its affiliates and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in .
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion




Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 1, 2009
Previous Article:The Commonwealth of Pennsylvania Awards Language Services Associates Exclusive Statewide Contract.
Next Article:Republic Airways Completes Acquisition of Frontier Airlines.

Related Articles
Where are the 529 plans?
Building a bridge to college financing: with college costs rising out of control and financial markets in turmoil, 529 plans can save the day--if...
Section 529 college savings plans: a good choice for investors?
Paying for college.
Rating 529 college savings plans: use Morningstar ratings to determine the long-term performance of these programs.
Classroom cash: 529 college savings plans continue to improve. Good thing, too. Just look at what degree is going to cost you.
Asset allocation and Section 529 plans.
Lawmakers open college fund probe.
College fund investors deserve a full accounting.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters