If you’re looking to start saving for college for your children or other close family members, this week’s Free Money [1] Friday offer is for you!
Merrill Edge [2] is offering a $50 sign-up bonus!
How to Get Your $50 Bonus
- Open a NextGen College Investing plan with Merrill Edge [2].
- Fund the account with at least $5,000 in cash within 30 calendar days.
- Get $50 deposited in your account to jumpstart your savings!
Terms & Conditions
- One bonus per account.
- Bonus will be applied to your account within 90 days.
- $50 bonus will invested in the various securities based on your new-investment allocation in effect on the date that the bonus is provided.
- Balance must be held in the account for a minimum of 90 consecutive days following the funding date.
More on the 529
Tax Benefits. We are huge fans of 529 college savings plans [3] because they can help you save on taxes both now (with state tax deductions in certain states) and later (your money grows tax-free)!
Investment Options. Merrill [2] offers you a number of options for investing, including age-based portfolios, single-fund portfolios and diversified portfolios.