Invest529 Offers Highest Rate for FDIC-Insured Portfolios among 529 Plans
Since 2017, Virginia529 has offered a portfolio designed to protect against losses to the original amount you’ve invested, generally offering families a more stable investment option.
Invest529’s FDIC-Insured Portfolio, invested in interest bearing deposit accounts, may appeal to risk-averse investors or those with a shorter time period before the funds are needed for higher education, or other qualified education expenses.
In its mid-year review of FDIC-insured products, Savingforcollege.com recently reported that the Invest529 portfolio offers the highest net rate of fees of any FDIC-Insured portfolio from a 529 plan in the country with its current APY of 4.42%.
An FDIC-Insured portfolio is backed by the full faith and credit of the U.S. government and balances in this portfolio are insured by the FDIC up to $250,000 aggregate for all eligible accounts for each account owner, the maximum amount currently allowed by federal law.
Review the FDIC-insured Portfolio Performance Explore Invest529’s Investment Options