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AZ529, Arizona’s Education Savings Plan

College Savings Bank, a Division of NexBank offers two FDIC-insured options as part of the AZ529, Arizona's Education Savings Plan: (1) fixed-rate CDs with one-year, two-year or three-year maturities; and (2) the CollegeSure Honors Savings Account, a high-yield savings account. The plan ceased offering InvestorSure CDs and CollegeSure CDs to investors as of August 2, 2016 and October 21, 2016. InvestorSure CDs and CollegeSure CDs issued prior to those dates continue to be managed and serviced by College Savings Bank until their maturity dates.

Fee Score

N/A

Performance

N/A
  • Program type
    Savings
  • Inception
    1999
  • State agency
    Arizona State Board of Investment
  • Tax deduction
  • Program Manager
    College Savings Bank, a Division of NexBank
  • Program distributor
    College Savings Bank, a Division of NexBank

Eligibility

State residency requirements:

Who can be a participant/owner in the program?

Significant time or age restrictions imposed by the program:

Alternative 529 Plans

Other great plans to consider

You are not limited to opening your own state's 529 plan, so shop around. Here are some highly rated options to consider:

Plan

Our Rating

Fee Score

Performance

Contributions

Maximum contributions:

Minimum contributions:

Does the program offer an e-gifting platform for receiving gift contributions?

Investment Options

Age-based/Enrollment Year investment options:

View more age-based investment options

Static investment options:

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Underlying fund allocations:

Portfolio Fees & Performance Lookup

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Fees & Expenses

Enrollment or application fee:

Account maintenance fee:

Program management fees:

Expenses of the underlying investments:

Taxes and other Benefits

  • Tax deduction for single filers
    $2,000/yr
  • Tax deduction for joint filers
    $4,000/yr

Example

Married filing jointly residents contributing $100/month can expect an additional $0 a year in tax savings.

Program match on contributions:

State tax deduction or credit for contributions:

State definition of qualified expenses

State tax treatment of qualified distributions:

State tax treatment of rollovers:

Does the sponsoring state exclude the value of an account for state financial aid purposes?

Does participation in the program provide beneficiaries with any advantages in qualifying for resident tuition status at state institutions?

Is there a rewards program or outside scholarship program that works with this program?

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Statutory protection of an account from creditors:

Distributions & Terminations

To whom are distributions made payable:

Account Changes

Policy regarding participant/owner changes:

Documents, Access & Reporting

Does participant have online password-protected access to account?

Can the complete enrollment process including funding be done online?

Documents and other services accessible or downloadable on the program's public Web site:

Contact

Website:

Telephone:

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