Grow your 529 college savings account your way.
Recurring contributions are an effortless way to add to an account without having to remember to write a check. You can establish contributions into your NEST account directly from your personal bank account or you can contribute from your paycheck.
Investing in a college savings plan has many intangible benefits as well as financial benefits. Whether you start with $100 a month or $400 per month, recurring contributions and earnings get the benefit from the power of compounding. Each month your contributions and the earnings on past contributions have an opportunity together to increase due to market action. The sooner you begin, the more time your savings will have to work for you.
This illustration shows the benefits of monthly contributions, either directly from your bank or from your paycheck. There are plenty of ways for you to grow your account on your own schedule.
This chart illustrates an investment of $100, $200 and $400 a month on the first day in the month into a college savings account that earns 6% per year, compounded monthly. This hypothetical is for illustrative purposes only. It does not reflect an actual investment in any particular college savings plan or in the NEST 529 Plan.