They grow up fast. Start saving for college with a 529 plan. You can save for your little one's future with low minimum investments (as little as $15 a month with Fidelity).
A 529 is a tax-advantaged account that is designed specifically for college savings. Here are some features that are common to 529 plans:
Any earnings are federal income tax deferred and qualified withdrawals are federal income tax free. States may offer other incentives for their residents.
Low account opening and minimum investments make 529s an affordable way to save.
Friends and family can deposit to the account.
Cover more than tuition
You can also pay for room and board, books, and computers.
529 plans offer a range of investment options to match your goals.
529s can be used for any eligible institution and may be transferred to any eligible child or family member of the original beneficiary.
You can invest in a plan from any state. Just make sure to research fees, minimum and maximum contributions, and any additional benefits—tax or otherwise—that your own state may offer.
You will earn 2 Points per dollar in eligible net purchases (net purchases are purchases minus credits and returns) that you charge. Account must be open and in good standing to earn and redeem rewards and benefits. Upon approval, refer to your Program Rules for additional information. You may not redeem Reward Points, and you will immediately lose all of your Reward Points, if your Account is closed to future transactions (including, but not limited to, due to Program misuse, failure to pay, bankruptcy, or death). Reward Points will not expire as long as your Account remains open. Certain transactions are not eligible for Reward Points, including Advances (as defined in the Agreement, including wire transfers, travelers checks, money orders, foreign cash transactions, betting transactions, lottery tickets and ATM disbursements), Annual Fee, convenience checks, balance transfers, unauthorized or fraudulent charges, overdraft advances, interest charges, fees, credit insurance charges, transactions to fund certain prepaid card products, U.S. Mint purchases, or transactions to purchase cash convertible items. The 2% cash back rewards value applies only to Points redeemed for a deposit into an eligible Fidelity account. The redemption value is different if you choose to redeem your Points for other rewards such as travel options, merchandise, gift cards, and/or statement credit. Other restrictions apply. Full details appear in the Program Rules new card customers receive with their card. Establishment or ownership of a Fidelity account or other relationship with Fidelity Investments is not required to obtain a card or to be eligible to use Points to obtain any rewards offered under the program other than Fidelity Rewards.
The UNIQUE College Investing Plan, U.Fund College Investing Plan, Delaware College Investment Plan, and Fidelity Arizona College Savings Plan are offered by the state of New Hampshire, MEFA, the state of Delaware, and the Arizona Commission for Postsecondary Education, respectively, and managed by Fidelity Investments.
If you or the designated beneficiary is not a New Hampshire, Massachusetts, Delaware, or Arizona resident, you may want to consider, before investing, whether your state or the beneficiary's home state offers its residents a plan with alternate state tax advantages or other benefits such as financial aid, scholarship funds and protection from creditors.
The creditor and issuer of the Fidelity Investments 529 College Rewards® Visa Signature® Card is Elan Financial Services, pursuant to license from Visa U.S.A., Inc.
Fidelity Investments and Elan Financial Services are separate companies.
Units of the portfolios are municipal securities and may be subject to market volatility and fluctuation.
Please carefully consider the plan's investment objectives, risks, charges, and expenses before investing. For this and other information on any 529 college savings plan managed by Fidelity, contact Fidelity for a free Fact Kit, or view one online. Read it carefully before you invest or send money.