Author Archives: Katie Newbold

New Federally Insured College Savings Plan

In today’s economy, contributing to your child’s college education fund might be causing you more anxiety than peace of mind.

To help you rest at ease, the Utah Educational Savings Plan — in partnership with Zions Bank — has introduced the first-of-its-kind FDIC-insured savings account in the 529 plan realm that doesn’t have minimum deposit or balance requirements and is tax free if you withdraw from it to pay for higher education. Investment-research firm Morningstar Inc. recently named it one of the Top Five 529 savings plans in the country.
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