CollegeAdvantage is Ohio's 529 college savings program featuring tax-free savings,
low fees, and a wide range of investment options managed by Putnam Investments,
The Vanguard Group and Fifth Third Bank.
Make automatic regular contributions to your CollegeAdvantage account easily and conveniently with recurring Electronic Funds Transfer (EFT) from a bank account. Or, if your employer participates, contribute through payroll deduction.
The annual once per year IRS reallocation rule for 529 plans has been temporarily increased to twice per year in 2009 to give you more flexibility to manage your account.
COLLEGEADVANTAGE FIFTH THIRD CD RATES HARD TO BEAT
CollegeAdvantage offers FDIC-insured CDs, now featuring 5% APY on terms of 4 years or longer. We offer CDs with a wide variety of terms, from 3 months to 12 years, all with a low $500 minimum opening deposit.
Savingforcollege.com, a leading authority on 529 plans, rates Ohio's direct-sold CollegeAdvantage 529 Savings Plan as one of the lowest cost and best plans in the country, with a perfect Five Cap Rating for Ohio residents.
If you are not an Ohio taxpayer, before you invest, consider whether your home state offers a 529 plan that provides its taxpayers with state tax or other benefits not available through this plan.
CollegeAdvantage is a 529 college savings plan offered and administered by the Ohio Tuition Trust Authority (OTTA). OTTA has overall responsibility for the day-to-day operations of the program, including record-keeping and transfer agency services.
CollegeAdvantage is described in the current Offering Statement and Participation Agreement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before opening an account.
Any investment in a CollegeAdvantage investment option is not insured or guaranteed by the FDIC or any other governmental agency or other party, including the state of Ohio, OTTA or any of the mutual fund firms under contract with OTTA. Any investment in a Fifth Third investment option, however, is insured by the Federal Deposit Insurance Corporation (FDIC), up to the limits set by the FDIC. An investment in a CollegeAdvantage mutual fund investment option is not a direct investment in a mutual fund itself. Except for the Fifth Third investment options, participants assume all investment risk of an investment in CollegeAdvantage, including the potential loss of principal. Regular investing does not ensure a profit or protect against a loss in a declining market. The amount actually available for withdrawal will depend on the investment performance of the investment options chosen.
