Do You Want to Double Your Interest Rate on Savings?

VA529U. S. News & World Report recently published an article (February 13, 2013), about the value of 529 Plans – and they cited a Virginia resident who more than doubles the interest rate on the savings accounts that are a part of his 529 plans, tax-advantaged college investment accounts, than he does from his bank.

In the article they note, “Virginia offers a savings account in its state 529 plan with approximately a 2 percent interest rate. The national average for savings account interest rates was less than 0.1 percent for the week of February 8, according to the Federal Deposit Insurance Corp.”

This is no surprise to savvy Virginia parents who are already taking advantage of VA 529 plans. There are 4 plans to choose from making it a great option for many different situations.

Community Supporters

Taking advantage of VA 529 plans just makes sense when thinking about college tuition in years to come. But there are other reasons too.

VA 529 places emphasis on their role as citizens of the Commonwealth of Virginia and leaders of the 529 industry.

  • All employees have two paid days per year to give back to their communities and volunteer with non-profit organizations of their choice.
  • In addition, VA529 employees partner with Junior Achievement, the Christmas Mother, the Central Virginia Foodbank, Partnership for the Future, and the Commonwealth of Virginia Campaign to provide volunteers, resources and donations to support the communities in which we live.
  • Every day they seek ways to assist families through program enhancements, technology improvements, targeted education, and scholarship.
  • They are motivated by seeing students achieve their dreams of a college education.
  • In January 2013, an article noted, “Among 529 savings plans, Virginia’s CollegeAmerica plan, offered by American Funds, continued to dominate.”

Visit the website to learn more and join the leader in 529 Plans today – for a better future for your kids tomorrow.

Take advantage of even more savings with your Savvy Saver card – registration fees are waived!

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Rhonda is the mother of two adult daughters and a grandmother to five wonderful grandchildren – and our only grandmother on staff. She spent 25 years in corporate healthcare managing prenatal and disease management programs. She is the Content Manager for Richmondmom and contributes her expertise as both a mom and grandmother – while sorting out the many opportunities for our valuable advertisers.

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