Open a new account and get a $50 bonus

Step OneStep One

Open a new account:

Start by opening a new account with $50 or more.

Step TwoStep Two

Set up Recurring Contributions:

Meet the eligibility requirements by adding a recurring contribution of $25 or more for at least 6 months.

Step ThreeStep Three

Receive the bonus:

After 6 months your $50 bonus will be deposited in your account on or before February 17, 2023.

*Click here for complete Terms and Conditions.

Tax Benefits of an MNSAVES 529 Account

State Tax Deduction

Qualify for a state tax deduction up to $3,000 if married filing jointly, ($1,500 filing single) for contributions made into an MNSAVES account. Limitations apply.1

100% Tax-Deferred Growth

Any earnings grow tax-deferred. When you pay fewer taxes, you can earn more and grow your account faster.

Tax-Free Withdrawals

Withdraw tax free for all qualified education expenses at accredited universities, colleges or trade schools for tuition, room and board, books, computers and more.

Why an
MNSAVES
529 account?

Your plan is financial aid friendly

Your 529 account is viewed as a parental asset for financial aid purposes and counts less against aid eligibility than the same funds held in your child’s name.2

Your child gets more opportunities

Savings can be applied to any accredited colleges or university across the country and abroad, as well as at trade schools, community college and technical institutions.

You have more control

You’re never locked in and can withdraw your funds for any reason at any time.3

You enjoy more flexibility

Funds in your child’s account are transferable to another eligible family member, which includes siblings, stepchildren, parents…even first cousins.

Ready to start their college savings?

The sooner you start, the more you may have for college.

Helpful college savings information is available via email or phone.