College & Career

North Carolina

National College Savings Program
5 Cap Ratings
rating grahic rating grahic
(Resident Rating) (Non-Resident Rating)
Summary

North Carolina's National College Savings program features Vanguard funds in its age-based and static options, along with a fixed-income option managed by the state treasurer and a federally-insured deposit option through the State Employees Credit Union.

Program Details
  • Summary: North Carolina's National College Savings program features Vanguard funds in its age-based and static options, along with a fixed-income option managed by the state treasurer and a federally-insured deposit option through the State Employees Credit Union.
  • Program type: Savings
  • Program manager: College Foundation, Inc.
  • State residency requirements: None
  • Maximum contributions: As of November 2013, accepts contributions until all account balances in the NC 529 plan for the same beneficiary reach $410,000.
  • Minimum contributions: The minimum initial contribution is $25 and the minimum subsequent contribution is $25.
  • Age-based investment options: The Vanguard Age-Based Option offers a choice among 3 different risk levels (Aggressive, Moderate, or Conservative). Contributions are placed into the portfolio corresponding to the selected risk level and number of years to expected enrollment, and later reassigned to more conservative portfolios until the beneficiary reaches age 19.
  • Static investment options: Select among a fixed-income portfolio (The Dependable Income Fund), five multi-fund portfolios,four individual-fund portfolios, and a federally-insured deposit account through State Employees' Credit Union. An equity-indexed investment, the Protected Stock Fund, was closed to new investments on February 27, 2008. Also, a 100% equity portfolio, the Active Core Equity Fund, was closed January 31, 2011.
  • Underlying investments: The Vanguard Age-Based option offers a choice between Aggressive, Moderate or Conservative Tracks all of which invest in Vanguard mutual funds. The multi-fund and individual options invest in Vanguard mutual funds also. The Dependable Income Fund uses the state treasurer's short-term investment portfolio.
  • Enrollment or application fee: None.
  • Account maintenance fee: A $1.50/month ($18.00/year) fee is assessed per Account for paper delivery of statements and confirmations. This fee is waived if the Participant elects to receive electronic delivery.
  • Program management fees: 0.25%
  • Expenses of the underlying investments: NC Treasurer Dependable Income Fund: Less than 0.05%

    Vanguard Age-Based Options: Ranges from 0.11% to 0.16%

    Vanguard Individual and Multi-fund Options: 0.09% to 0.17%

    Federally-Insured Deposit Account: None

  • Total asset-based expense ratio: 0.25% - 0.42%
  • Program match on contributions: None.
  • State tax deduction or credit for contributions: None.
  • Web site: Click here to visit
  • Telephone: 1-800-600-3453
  • Twitter
  • Facebook
Powered by Savingforcollege.com
Copyright 2011 Savingforcollege.com, LLC. All Rights Reserved.

Show Show Bankrate.com's disclaimer

The information contained in this material and related materials ("Information") is based on information from sources believed to be accurate and reliable and every reasonable effort has been made to make the Information as complete and accurate as possible but such completeness and accuracy cannot and is not guaranteed. The reader and user of the Information should use the Information as a general guide and not as the ultimate source of information. The Information is not intended to include every possible bit of information regarding the Information but rather to complement and supplement information otherwise available and the reader and user should use the Information accordingly. The Information contains information about tax and other laws and these laws may change. The reader and user should realize that any investment involves risk and the assumptions and projections used in the Information may not be how the investments turn out. The reader and user should consult with their own tax, financial and legal advisors about all of the Information.

MORTGAGE HOME EQUITY AUTO CDs CREDIT CARDS
Product Rate Change Last week
30 year fixed 4.12%  0.06 4.18%
15 year fixed 3.25%  0.04 3.21%
5/1 ARM 3.48%  0.16 3.32%
 
View Rates in your area Next
Product Rate Change Last week
30K FICO-based HELOC 4.30%  0.01 4.29%
50K FICO-based HELOC 4.06%  0.02 4.04%
100K FICO-based HELOC 3.91%  0.02 3.89%
 
View Rates in your area Next
Product Rate Change Last week
60 month used car loan 2.79% --0.00 2.79%
48 month used car loan 2.99% --0.00 2.99%
60 month new car loan 3.23%  0.01 3.24%
 
View Rates in your area Next
Product Rate Change Last week
1 Year CD 0.97% --0.00 0.97%
2 Year CD 1.18%  0.01 1.17%
5 Year CD 1.81%  0.05 1.76%
 
View Rates in your area Next
Product Rate Change Last week
Balance Transfer Cards 15.75% --0.00 15.75%
Cash Back Cards 16.45% --0.00 16.45%
Low Interest Cards 10.96% --0.00 10.96%
 
Next
advertisement
Michigan-based Flagstar Bank is paying the price for failing to help homeowners and breaking the Consumer Financial Protection Bur
advertisement
Is your money safe?
or ? See your bank, thrift or credit union's star rating. Find one that's safe enough for you.
Partner Center
advertisement

Connect with us