Union Bank & Trust is offering a 1.50% APY rate for balances over $10,000 and 1.25% for balances below. With their CollegeWealth 529 Savings, you can save for college expenses such as tuition and fees, room and board, textbooks, and supplies. Also, Union Bank & Trust has partnered with Virginia College Savings Plan, allowing you to use your savings at any accredited college that accepts federal financial aid. If not, the money can also be used at many vocational and for-profit schools and community colleges.
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Union Bank & Trust CollegeWealth 529 Savings Account Summary:
- Apply Now
- Account Type: CollegeWealth 529 Savings
- Rate: 1.50% APY
- Availability: Nationwide
- Expiration Date: None
- Soft/Hard Pull: Hard pull
- Direct Deposit Requirement: None
- Additional Requirements: $25 to open and $10,000 minimum balance for 1.50% APY rate
- Monthly Fee: None
- Early Termination Fee: None
Union Bank & Trust CollegeWealth 529 Savings Account Features:
- Tax Advantages
- FDIC Insured
- High Yield Savings Account
- No age limits for adults or children
Conclusion:
Union Bank & Trust offers one of the highest APY rates in the country that you should definitely take advantage of. Even if your money is in a 529 account, you can make a withdrawal at any time but you’ll be subject to income taxes and an additional 10% penalty on any earnings. Your money is FDIC insured and there are no annual fees, monthly maintenance fees, or state residency requirements. With no age limit for adults or children, anyone can benefit from this account. Find all the best savings rates from our exclusive list nationwide!
