Celebrate 529 Day

By May 29, 2020 June 4th, 2020 Financial Tips, Good Reads
529 Day College Savings Graduation Tuition Room Board Books Food Equipment

Celebrate 529 Day today, May 29, by saving money for future college expenses!

Each state has a 529 program, named after the U.S. Code to help parents put aside money in a tax-advantaged vehicle for college-related expenses down the road. What are some of those expenses that you can include? Let’s take a look:

  • Tuition
  • Room & Board
  • Books
  • Equipment required for study

There are certain requirements in order to be completely eligible for a 529 tax-advantage savings program.

Visit 529 College Savings page to learn more about the advantages in your state. Also remember to check out Paramount Bank’s high-interest savings programs, including our 6-month Certificate of Deposit with a 1.00% APY!

Celebrate the future and let Paramount Bank help you with your own 529 Savings plan!