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FDIC-Insured CDs and Savings Accounts in 529 Plans

Monday, May 3, 2010 - 5:43 PM
From SmartMoney.com
On April 20, the House of Representatives passed the Deposit Restricted Qualified Tuition Programs Act of 2009, which would allow families to invest money for college in an account that's within a 529 plan but also insured by the [FDIC]
According to the article, some states already offer FDIC-insured savings account or CD options in their 529 plans, but if passed, this legislation should make it easier for states to offer FDIC-insured options. I'm glad to see that the bill appears to have broad bipartisan support.
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600
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