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529 News

North Carolina 529 adds federally-insured option

(April 14, 2010) - North Carolina's National College Savings Program has added a new investment option: the Federally-Insured Deposit Account through the State Employees' Credit Union. This NCUA-insured account is guaranteed not to lose principal or earned interest. The initial interest crediting rate is 2.50% (APY 2.53%) less the program adminstration fee of 0.25%.

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