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College Saver CD

The BB&T College Saver CD helps you plan and save for college. Simply deposit $50 or more per month by automatic deposit or make regular monthly deposits in person, online or by phone. Make up to four withdrawals a year without penalty when the money is used to pay for college expenses.


Features
Minimum to Open $100
Term
  • Terms are 36, 48, or 60 months
  • Tiered rates based on deposited funds
  • Compounded daily on collected balances
Details
  • Requires an automatic deposit of $50 or more per month from a BB&T checking or savings account
  • One additional deposit of $50 per month by draft, in person or through BB&T Online Banking. (Interest will accrue on any additional deposit at the same interest rate and APY1 as the original deposit or the rate in effect at the last renewal.)
  • Make up to four withdrawals per year without penalty if the funds are used for college-related expenses.
  • Any withdrawn funds must have been on deposit for at least seven days and no other withdrawals may have been made in the preceding six days.
  • Account balance may not be $100,000 or greater.

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