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FDIC-Insured CDs and Savings Accounts in 529 Plans

Monday, May 3, 2010 - 5:43 PM
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.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,600