Is my CollegeChoice CD Account guaranteed?
Although your CollegeChoice CD Account is not guaranteed, it is insured on a pass-through basis by the FDIC (Federal Deposit Insurance Corporation) up to the maximum amount set by federal law, currently $250,000. Under this insurance, your interest in the insurable balance of a CollegeSure CD, InvestorSure CD or Fixed Rate CD held pursuant to the Plan will be added to any other deposits you hold in the same right and capacity at the Bank and insured up to the maximum amount. Under applicable FDIC regulations, Accounts that have the same Account Owner will be deemed to be held in the same right and capacity and will be combined for purposes of the $250,000 limitation. Separate deposit insurance for Accounts with the same Account Owner and Beneficiary may also be available in certain limited circumstances. Please contact a Client Service Representative at 1.888.913.2885 for additional information.
