Montana

Montana Family Education Savings Program - CollegeSure® 529 Plan


5 Cap Ratings

(Resident Rating)	(Non-Resident Rating)

Summary
Three FDIC-insured options are offered in this 529 plan: (1) the CollegeSure CD with a variable interest rate pegged to a private-college tuition index, (2) the InvestorSure CD with an interest rate pegged to a percentage of the increase in the S&P 500 Index over a five-year period, and (3) fixed-rate CDs with one-year or three-year maturities.

Program Details

•	Summary: Three FDIC-insured options are offered in this 529 plan: (1) the CollegeSure CD with a variable interest rate pegged to a private-college tuition index, (2) the InvestorSure CD with an interest rate pegged to a percentage of the increase in the S&P 500 Index over a five-year period, and (3) fixed-rate CDs with one-year or three-year maturities.
•	Program type: Savings
•	Program manager: College Savings Bank
•	State residency requirements: None
•	Maximum contributions: Accepts contributions until all account balances in Montana's 529 plans for the same beneficiary reach $335,000.
•	Minimum contributions: CollegeSure CD: With lump-sum contributions, the minimum initial contribution is $250. With the automatic investment plan, the minimum contribution level is $100 per portfolio per month or $250 per quarter via bank transfer, or $25 per pay period via payroll deduction. InvestorSure CD: With lump-sum contributions, the minimum initial contribution is $500. With the automatic investment plan, the minimum contribution level is $250 per month via bank transfer, or $100 per pay period via payroll deduction. Deposits under $1,000 are held in an interest bearing savings account, and each time the balance reaches $1,000, a CD purchase is made. Fixed Rate CDs: With lump-sum contributions, the minimum initial contribution is $500. With the automatic investment plan, the minimum contribution level is $250 per month via bank transfer, or $100 per pay period via payroll deduction. Deposits under $500 are held in an interest bearing savings account, and each time the balance reaches $500, a CD purchase is made.
•	Age-based investment options: None
•	Static investment options: The interest rate on the CollegeSure CD is pegged to a private-college tuition index, less a 3% margin, not to fall below 2% annually. (If average private-college tuition increases by 6% over the term, the yield is 3%.) The InvestorSure CD has a five-year maturity, and earns interest tied to a percentage of the increase in the S&P 500 Index (between 85% and 100%). Fixed-rate CDs earn interest at the rate posted at the time of purchase, and posted rates may change at any time.
•	Underlying investments: FDIC-insured certificates of deposit from College Savings Bank.
•	Enrollment or application fee: None
•	Account maintenance fee: None
•	Program management fees: None
•	Expenses of the underlying investments: Not applicable, interest rate on CD is tied to a formula.
•	Total asset-based expense ratio: None
•	Program match on contributions: None
•	State tax deduction or credit for contributions: Contributions to any of Montana's 529 plans of up to $3,000 per year for an individual taxpayer, and $6,000 per year for married taxpayers filing jointly, are deductible in computing Montana taxable income. Only contributions made by the account owner, the account owner's spouse, or the account owner's custodian/parent are deductible. Contribution deadline is December 31 postmark.
•	Telephone: 1-800-888-2723
•	Web site: Click here to visit