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Fidelity Arizona College Savings Plan

The Fidelity Arizona College Savings Plan is a Fidelity-managed 529 plan follows the same approach as other Fidelity plans in Delaware, Massachusetts and New Hampshire. It features three age-based options; one using Fidelity mutual funds; one using Fidelity index mutual funds; and a third multi-firm option with portfolios that invest in funds offered by several different companies. The plans also offer 11 static options, and one option that invests in an interest-bearing deposit account.

Our Ratingx

4 of 5

Fee Scorex

4 of 5


4 of 5
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  • Program typeSavings
  • Inception2005
  • State agency
    Arizona Commission for Postsecondary Education
  • Tax deduction
  • Program Manager
    Fidelity Investments
  • Program distributor
    Fidelity Brokerage Services LLC
  • Manager contract termUNLOCK PRO

Ratings & Rankings

Our overall rating for AZ residents

This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.

Our overall rating for non-residents

This is an excellent program with many benefits for the participant and positive investment attributes. If it has any significant weaknesses then it also has some particularly good things to recommend it.'s 5-Cap Ratings provides an evaluation and comparison of 529 plans, utilizing a formula that examines dozens of factors grouped into the following categories.

3.80of 5

Each plan's performance score is developed directly from's Quarterly 529 Performance Rankings. A 529 savings plan must have at least one year of performance history before they will be assigned a 5-cap rating. For those plans that are not part of our quarterly performance rankings, such as plans offering a single set of bank-based investment options, we assign a performance score by evaluating the returns currently available on similar types of investments outside of 529 plans.


State residency requirements:


Who can be a participant/owner in the program?

U.S. citizens and resident aliens at least 18 years old, UGMA/UTMA custodians, and legal entities.

Significant time or age restrictions imposed by the program:


Did you know?

  • AZ residents can claim a tax deduction for contributions to a AZ 529 plan.

    Contributions are deductible in computing state taxable income

  • 529 plan contributions grow tax-free.

    Withdrawals are tax-free when used to pay for qualified higher education expenses.

  • You can contribute as much as you want, as often as you want.

    The key is to get started. Enroll today by completing a quick form online.

Fidelity Arizona College Savings Plan logo
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Maximum contributions:

Accepts contributions until all account balances in Arizona's 529 plans for the same beneficiary reach $476,000.

Minimum contributions:

There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.

Investment Options

Age-based investment options:

Choose between 3 age-based options, one invested in Fidelity mutual funds, another invested in Fidelity index mutual funds, and a third multi-firm option with portfolios that invest in funds offered by several different companies. Contributions are placed into the portfolio corresponding to the beneficiary's age. The portfolios automatically shift to a more conservative investment allocation over time.View more age-based investment options

Static investment options:

Select from 6 multi-fund portfolios, 5 individual-fund portfolios and a Bank Deposit Portfolio.View more static investment options

Underlying investments:

Fidelity Investments, AllianceBernstein, Acadian, AQR, BlackRock, BrandywineGLOBAL, Causeway, Credit Suisse, Hotchkiss and Wiley, JPMorgan, Loomis Sayles, LSV, MainStay, MetWest, MFS, PGIM, PIMCO, T. Rowe Price, Western Asset, and William Blair. For the Bank Deposit Portfolio only, a deposit in a FDIC-insured interest-bearing account.View a full list of this plan's investment options

Underlying fund allocations:


Portfolio Fees & Performance Lookup


Fees & Expenses

Enrollment or application fee:


Account maintenance fee:


Program management fees:

0.09% for the Fidelity index fund options (includes 0.02% state fee); 0.20% for the Fidelity fund options (includes 0.04% state fee); 0.35% for the multi-firm fund options (includes 0.05% state fee). For the Bank Deposit Portfolio, fees vary from 0.00% to 0.10% (including 0.05% state fee) based on the Federal Funds Target Rate.

Expenses of the underlying investments:

Ranges from 0.02% to 0.11% annualized in the Fidelity index fund portfolios, from 0.33% to 0.79% annualized in the Fidelity funds portfolios, and 0.54% to 0.78% in the multi-firm portfolios. For the Bank Deposit Portfolio, there is no underlying fund expense. There is, however, a Bank Administration Fee, which ranges from 0.00%-0.40% and is based on the Federal Funds Target Rate.

Total asset-based expense ratio:

0.11% - 1.13%

Taxes and other Benefits

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


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:

Contributions to Arizona AND non-Arizona 529 plans of up to $2,000 per year by an individual, and up to $4,000 per year by a married couple filing jointly, are deductible in computing Arizona taxable income. The original sunset date of December 31, 2012 has been removed, thus making the deduction permanent.

State tax recapture provisions:

The principal portion of nonqualified withdrawals from this plan are included in Arizona taxable income to the extent of prior Arizona tax deductions. Nonqualified withdrawals for this purpose do not include withdrawals made as the result of the beneficiary's death or disability, withdrawals made on account of the beneficiary's receipt of a scholarship, or rollovers.

State definition of qualified expenses

TThe state's definition of qualified education expenses currently includes expenses for attendance at an institution of higher education as defined by the Internal Revenue Code and its regulations addressing qualified state tuition programs. State legislation is pending allowing tuition for elementary or secondary education to be considered a qualified education expense.

State tax treatment of qualified distributions:

Qualified distributions from Arizona and non-Arizona 529 plans are exempt.

State tax treatment of rollovers:

Arizona follows federal tax-free treatment.

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?


Does the program have a formal agreement with a rewards program or outside scholarship program?

Yes, Fidelity Rewards Visa Signature Card rebates 2% of purchases.

The Upromise Rewards program can be linked to any 529 college savings plan. Upromise Rewards is free to join and offers members cash back for college.

Upromise Helps Families Save for College

Upromise Helps Families Save for College

Statutory protection of an account from creditors:


Did you know?

  • Residents are not limited to investing in their own state's 529 plan.

    Another state may offer a plan that performs better and has lower fees.

  • The 529 plan chosen does not affect which state the student enrolls in.

    You can live in New York, open a plan from Nevada and send a student to college in Florida.

  • The best way to maximize your college savings?

    Start early and save often. You can get started today with easy online enrollment.

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Distributions & Terminations

To whom are distributions made payable:

To whomever the account owner specifies - the account owner, the beneficiary, a school, or anyone else.

Account Changes

Policy regarding participant/owner changes:

Accepts requests to transfer account ownership. However, the program may report an owner change as a nonqualified distribution subject to all applicable federal and state taxes and penalties.

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:





Start saving for your child's future today

Step 1

Click the blue Enroll Now button to the right

Step 2

Complete the online application and make your first deposit

Fidelity Arizona College Savings Plan logo
enroll now
28,396 clicked to enroll