Honors Savings Accounts are issued by College Savings Bank, a Division of NexBank SSB. Contributions are credited to your Account as follows: 1.) Checks received for payroll deductions or rollover contributions from another state 529 plan received on or before 2:00 p.m. Eastern time, are credited to your account on the same business day. 2.) Rollover contributions by check received after 2:00 p.m. Eastern time are credited the next business day. 3.) Contributions by E-check are credited to your Account on the next business day. 4.) Automatic direct deposits are credited to your Account on the business day the funds are received.
No. College Savings Bank, a Division of NexBank SSB does not charge fees to Account Owners or Accounts for opening, maintaining or contributing to an account. Certain service fees may apply. For more information, view the Honors Savings Terms and Conditions
Interest begins to accrue on the Contribution Date and is credited and compounded quarterly on January 31, April 30, July 31 and October 31. Interest is calculated using the daily balance method, which applies a daily periodic rate to the applicable principal in the Account each day. If you close your Account before interest is credited, you will receive the accrued interest.