How it works
- This static investment option is allocated to the FDIC-insured accounts held in trust by my529 at Sallie Mae Bank and
- 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.
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.