Don't let the clock run out!

Get your bonus before the offer ends.

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Open a new account and get a $50 or $100 bonus.

Step OneStep One

Get $50

with a minimum deposit of $250: Set up recurring contributions or payroll direct deposit of $50 or more per month until 11/30/2023.

Step TwoStep Two

Get $100

with a minimum deposit of $500: Set up recurring contributions or payroll direct deposit of $50 or more per month until 11/30/2023.

Step ThreeStep Three

Receive the bonus!

After six months, your $50 or $100 bonus will be deposited in your account on or before 1/31/2024.

*Click here for complete Terms and Conditions.

Tax Benefits of a MNSAVES Account

State Tax Deduction

MN taxpayers may qualify for a state tax deduction up to $3,000 if married filing jointly, ($1,500 filing single) for contributions made into a MNSAVES account.

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 for Qualified Expenses

Withdraw tax-free for all qualified education expenses at any accredited college, university or trade schools for tuition, certain room and board, books, computers and more.

Why a
MNSAVES
account?

Your plan is financial aid friendly

Your 529 account is viewed as a parental asset for financial aid purposes and may count less against aid eligibility than the same funds held in your child’s name.1

Your child gets more opportunities

For MN taxpayers savings can be applied to any accredited college or university across the country and abroad, as well as 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.2

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 they could have for college.

Helpful college savings information is available via email or phone.