Watch our video to learn about an easy 3 step process to increase your contributions.
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.
Automatic Investment Plan (AIP)
AIP is a savings option that allows you to automatically contribute to your NEST Direct Plan account directly from your personal checking or savings bank account. AIP can be set up when the account is created or any time after the account is created in the secure online account management area.
Auto-annual AIP increase
Sign up for this simple feature that will automatically increase your AIP contributions annually. After you're set up, your contribution will be adjusted each year in the month you specify by the amount you request. Auto-annual AIP increase can be set up when account is created or any time after in the secure online account management area.
Payroll direct deposit
You can make automatic contributions to your NEST account from your paycheck through a payroll direct deposit of after-tax dollars. If your employer offers direct deposit, log into your account, select the payroll deduction option and follow the instructions.
Lump sum contributions
Contribute any time on your own schedule using our Electronic Funds Transfer (EFT) process by logging into your account or calling the NEST Direct Plan.
1 A plan of regular investment cannot assure a profit or protect against a loss in a declining market.
The NEST Direct Plan is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The NEST Direct Plan offers a series of investment portfolios within the Nebraska Educational Savings Plan Trust, which offers other investment portfolios not affiliated with the NEST Direct Plan. An investor should consider the Plan's investment objectives, risks, charges and expenses before investing. The NEST Direct Plan is intended to operate as a qualified tuition program to be used only to save for qualified higher education expenses, pursuant to Section 529 of the U.S. Internal Revenue Code.
Investors should consider before investing whether their or their beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.
Participation in the Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.
Except for the Bank Savings Static Investment Option, investments in the NEST Direct Plan are not guaranteed or insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed or insured by the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council or First National Bank of Omaha or its authorized agents or their affiliates, and are subject to investment risks, including loss of the principal amount invested. FDIC insurance is provided for the Bank Savings Static Investment Option up to the maximum amount set by federal law, currently $250,000.
Nebraska Educational Savings Plan Trust - Issuer Nebraska State Treasurer - Trustee Nebraska Investment Council - Investment Oversight First National Bank of Omaha - Program Manager First National Capital Markets, Inc. – Primary Distributor, Member FINRA, SIPC
First National Capital Markets and First National Bank of Omaha are affiliates.
Investments Are Not FDIC Insured*
No Bank, State or Federal Guarantee
May Lose Value *Except the Bank Savings Static Investment Option