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 a direct to consumer sold program and a 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 a direct-sold program provider and a advisor-sold program provider.