Know your options
for your future.
Arizona’s Education Savings Plan offers a variety of investment choices including both FDIC insured CD’s and Mutual Funds. The Arizona 529 Plan offers savings options to meet your specific investment style and risk tolerance through two direct to consumer sold programs and one financial advisor-sold program.
529 Plan certificates of deposit (CDs) are similar to traditional bank CDs in that they have a fixed interest rate for a set amount of time and are FDIC insured up to $250K. The difference is that 529 CD interest earnings are tax deferred and tax free if used for qualified higher education expenses.
A mutual fund is a grouping of stocks, bonds, cash investments or a combination of these options in which individuals hold shares. Mutual funds are professionally managed by a fund manager or managers.
Direct-Sold programs offer families the option to enroll in a 529 Plan directly, without going through a financial advisor. The Arizona 529 Plan’s direct-sold programs include Fidelity Investments and College Savings Bank. Families can easily enroll online or have a representative answer their questions and walk them through the process by phone.
Advisor-Sold programs offer families the option to work one-on-one with a financial advisor to plan an individualized investment strategy. Waddell & Reed’s Ivy InvestEd 529 Plan is Arizona’s advisor-sold program.
Arizona’s Education Savings Plan currently offers an array of investment choices to meet your specific investment style and risk tolerance through two distinct direct-sold program providers and one advisor-sold program provider.