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Montana Family Education Savings Program -- Bank Plan logo

Montana Family Education Savings Program -- Bank Plan

The Montana Family Education Savings Program -- Bank Plan was closed to new enrollments and investments as of July 31, 2015. College Savings Bank, a Division of NexBank SSB continues to provide services to the plan including investment management, customer service and recordkeeping. Account owners invested in CD options will receive notification prior to the maturity date and given the option to rollover matured funds to Achieve Montana or another 529 plan account, or take a qualified or non-qualified distribution of funds.

Our Ratingx

3.5 of 5

Fee Scorex

N/A

Performancex

N/A

  • Program typeSavings
  • Inception1998
  • State agency
    Montana Board of Regents of Higher Education
  • Tax deduction
    Tax deduction for single filers $3,000/yr
    Tax deduction for joint filers $6,000/yr
  • Program Manager
    College Savings Bank, a Division of NexBank SSB
  • Program distributor
    College Savings Bank, a Division of NexBank SSB

Investors in Montana Family Education Savings Program -- Bank Plan can select from the following investment options. Click on a portfolio name for more information.

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%

Age Based Investment Options

Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.

PortfolioE.R% Equity1YR PerformanceRank
Sorry. No investment options found with an expense ratio lower than 2.5%

Static Investment Options

This refers to an investment option that is not programmed to change over time. The individual fund portfolio and multi-fund portfolio described below are static options. So are many portfolios that do not use mutual funds, such as stable-value options, guaranteed options, CD options, etc.

PortfolioE.R% Equity1YR PerformanceRank
Sorry. No investment options found with an expense ratio lower than 2.5%

Individual Investment Options

Sometimes called a single-fund option, this is a portfolio invested in a single mutual fund. Often the name of the 529 portfolio is very similar to the name of the underlying mutual fund. A large number of broker-sold 529s offer an extensive line-up of individual fund options, while a smaller number of direct-sold 529s offer them.

PortfolioE.R% Equity1YR PerformanceRank
Sorry. No investment options found with an expense ratio lower than 2.5%

Use the form below to filter through the investment options in this plan

Child age


Max Expense Ratio:2.5%