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.