Montana Family Education Savings Program -- Bank Plan is no longer available
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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 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.
- Program typeSavings
- Inception1998
- State agencyMontana Board of Regents of Higher Education
- Tax deduction
- Program ManagerCollege Savings Bank, a Division of NexBank
- Program distributorCollege Savings Bank, a Division of NexBank
Investment Options
Investors in Montana Family Education Savings Program -- Bank Plan can select from the following investment options. Click on a portfolio name for more information.
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.
