Edvest: Celebrates 529 Day with a special incentive to start saving

MADISON, Wis. (May 17, 2022) – Beginning next week, Wisconsinites will have more incentive to start saving for their loved one’s higher education. In celebration of National 529 Day, Edvest, Wisconsin’s direct-sold College Savings Plan, offers families a special incentive to jumpstart their college savings journey with a $50 match deposit incentive. 529 Day is recognized across the nation on May 29 and highlights the importance of 529 college savings plans in helping families plan and pay for higher education or training expenses.

Edvest 529 Day $50 Match Deposit Incentive

Individuals who open a new Edvest account between May 24 and May 31, 2022, will be eligible for the $50 match deposit incentive. Simply open an account with $50 or more at Edvest.com/529Day and add a monthly recurring contribution or payroll direct deposit of $25 or more for six months and receive a $50 match deposit to celebrate 529 Day.1

“We are thrilled to join the national 529 Day movement by working with Edvest to offer Wisconsin families the opportunity to jumpstart their loved one’s higher education savings,” said Wisconsin Department of Financial Institutions Secretary-designee Cheryll Olson-Collins. “It is imperative that Wisconsin families and students begin thinking about and taking steps to prepare for a successful future, and higher education is an integral piece to this success – for the student and the state of Wisconsin. We hope the $50 529 Day match deposit incentive will be the spark people need to open an account and start saving for their children’s futures today.” 

Adding to the excitement is the fact that the Edvest 529 Day $50 match deposit incentive coincides perfectly with graduation season. So, parents, grandparents, and family friends can increase their gifting power by opening and contributing to an Edvest account during this time. Whether it’s graduating from kindergarten, middle school, high school, or even college, anyone can leave a lasting impact on the graduate in their life and mark this important milestone by investing in their future with a 529 college savings plan. 

About Edvest

Edvest is a tax-advantaged investment, meaning that contributions to an account may qualify for a state income tax deduction of up to $3,560 per beneficiary, per year. Limitations apply.2 In addition, earnings are tax-free if the savings are used for qualified education expenses like tuition and fees, books, laptops, and more. Funds can be used at any accredited public or private university, college, technical college, community college, or professional school nationwide and many abroad, and toward the cost of apprenticeships.

On April 20, 2022, SavingforCollege.com released new 529 plan ratings where Edvest earned the highest rating, 5-Cap, in both the non-resident and resident rating categories. According to SavingforCollege.com, 529 plans earning a 5-Cap rating “offer outstanding flexibility, attractive investments, and additional economic benefits (such as generous state tax incentives) that for some people, at least, will provide a substantial boost to their savings. There are few, if any, weaknesses noted in the program.”3

Edvest 25th Anniversary Sweepstakes Continues

In addition to 529 Day, Edvest is celebrating its 25th anniversary. To mark the significant milestone, Edvest is celebrating with a year-long sweepstakes and awarding a $529 account contribution to one winner every month throughout the year.* Entering the sweepstakes is easy. Visit Edvest.com/buzz/25yearsweeps and complete the online entry form for a chance to win a $529 contribution to an Edvest account.

For more information about Edvest, including live webinars on May 25 and June 8 from 11 a.m. to noon (CT) with college savings consultants, or to open an account today, please visit Edvest.com. Edvest customer support is available toll-free at 1 (888) 338-3789 Monday through Friday from 7 a.m. to 9 p.m. (CT).