FDIC-Insured

How it works

  • This static investment option is allocated to the FDIC-insured accounts held in trust by my529 at Sallie Mae Bank and
    U.S. Bank.
  • Account contributions are allocated to the banks according to these percentages:
    • Sallie Mae Bank—90 percent
    • U.S. Bank—10 percent
  • Account contributions and earnings are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 at each Bank.

FDIC-Pie_101916

Performance

View the my529 Investment Option Performance Table.

Risks

You and your clients should read the Program Description, Part 7 | Investment Information, for information about specific risks for the underlying investments in the FDIC-Insured investment option.

Fees

View my529’s Asset Fee Structure Table and Approximate Cost of a $10,000 Investment Table.