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What is a 529 Plan?
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* The Federal Deposit Insurance Corporation (FDIC) generally insures, with respect to each FDIC-insured institution, deposit accounts that are held in the same right and capacity up to the maximum amount set by federal law, currently $250,000. An account owner’s interest in the insurable balance of a College Savings Bank, a Division of NexBank CD account is insured by the FDIC on a pass-through basis, together with any other deposit accounts the account owner holds at College Savings Bank, a Division of NexBank, in the same right and capacity, up to the maximum amount.

College Savings Bank, a Division of NexBank

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Dallas, Texas 75201