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Compare 529 Plans by Features
Plan
Minimum contributions
Alaska
With lump-sum contributions, the minimum initial contribution is $25, and the minimum subsequent contribution is $25. With the automatic investment plan, the minimum contribution level is $25 per portfolio per month.
Due to our Ascensus transition there is no longer a minimum contribution for any contributions.
There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.
Fixed Rate CDs:
With lump-sum contributions, the minimum initial contribution is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction. Deposits under $250 are held in an interest bearing savings account, and each time the balance reaches $250, a CD purchase is made.
Honors Savings Account:
The minimum initial deposit is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction.
With lump-sum contributions, the minimum initial contribution is $25, and the minimum subsequent contribution is $10. With the automatic investment plan, the minimum contribution level is $10 per month or $30 per quarter via bank transfer or $5 per pay period via payroll deduction.
The minimum initial contribution is $25, and the minimum subsequent contribution is $15.
The minimum initial contribution is $25, and the minimum subsequent contribution is $25.
Connecticut Higher Education Trust (CHET)
Connecticut
There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.
Delaware
There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.
District of Columbia
With lump-sum contributions, the minimum initial contribution is $25, and the minimum subsequent contribution is $25. With the automatic investment plan, the minimum contribution level is $15 per pay period via payroll deduction.
Georgia
$25 (any dollar amount is accepted for contributions made via payroll direct deposit).
Fixed Rate CDs:
With lump-sum contributions, the minimum initial contribution is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction. Deposits under $250 are held in an interest bearing savings account, and each time the balance reaches $250, a CD purchase is made.
Honors Savings Account:
The minimum initial deposit is $250. With the automatic investment plan, the minimum contribution level is $25 per month via electronic funds transfer, or $25 per pay period via payroll deduction.
Kentucky
As of May 1, 2022 KY Saves will no longer require a minimum contribution amount for contributions received by check, recurring contributions, payroll direct deposit, or EFT.
With lump-sum contributions, the minimum initial contribution is $25; may be waived for Maine residents eligible for certain grants, and there is no minimum subsequent contribution. With the automatic investment plan, there is no initial contribution amount required or no minimum subsequent contribution required.
The minimum contribution requirement is $25 per portfolio. The minimum for subsequent contributions, automatic monthly contributions and/or payroll deductions is $25 per portfolio.
Massachusetts
There is no minimum to open an account. With the automatic investment plan, the minimum contribution level is $15 per month or $45 per quarter.
Minnesota College Savings Plan
Minnesota
$25 per investment option, or $15 per investment option via payroll deduction.
$25, or $15 per pay period via payroll deduction.
The minimum initial contribution is $3,000 or $50 through an employer automatic investment plan. The minimum initial contribution for Nevada residents is $1,000 or $50 through employer automatic investment. The minimum subsequent contribution is $50.
The initial contribution is $50 with the establishment of an automatic investment plan of at least $50 per month or $150 per quarter ($15 for contributions through Ugift), or $250 lump-sum contribution.
New Hampshire
There is no minimum to open or contribute to a 529 account. With the automatic investment plan , the minimum contribution level is $15 per month or $45 per quarter.
NJBEST 529 College Savings Plan
New Jersey
$25 per investment option. Until total contributions to an account reach $1,200, a minimum of $300 per year must be contributed to keep an account open.
North Carolina
The minimum initial contribution is $25 and the minimum subsequent contribution is $25.
North Dakota
The minimum initial contribution is $25.00 and the minimum subsequent contribution is $25.00 ($12.50 for payroll direct deposit.)
Oklahoma
The minimum initial and subsequent contribution is $25. There is no minimum for contributions via payroll deduction direct deposit.
The minimum initial and subsequent contribution is $25 per investment portfolio. Subsequent contributions must be at least $5 per investment portfolio. With the automatic investment plan, the minimum contribution level is $5 per month. With automatic payroll deductions, the minimum contribution level is $5 per investment portfolio per pay period.
Pennsylvania 529 Investment Plan
Pennsylvania
No initial deposit required. Subsequent deposits can be a little as $1.
CollegeAccess 529 (Direct-sold)
South Dakota
With lump-sum contributions, the minimum initial contribution is $250 per investment option, and the minimum subsequent contribution is $50 per investment option. With the automatic investment plan, the minimum contribution level is $50 per investment option per month.
TNStars College Savings 529 Program
Tennessee
The minimum initial or subsequent contribution to an account for each investment option is $25. Once an initial contribution is made to the account, there are no required subsequent contributions. There is a minimum $25 contribution to establish the account, regardless of the number of investment options selected.
$25 per portfolio, or $15 per portfolio with the automatic contribution plan.
Virginia
The minimum initial contribution is $10. No minimum ongoing contributions are required.
DreamAhead College Investment Plan
Washington
Initial contribution of $25 per portfolio; $5 per portfolio thereafter
West Virginia
With lump-sum contributions, the minimum initial contribution is $250 per fund ($50 per fund for West Virginia residents), and the minimum subsequent contribution is $25 per fund (no minimum for West Virginia residents). With the automatic investment plan, the minimum contribution level is $25 per month per fund ($15 per month per fund for West Virginia residents).
Wisconsin
The minimum initial and subsequent contribution to an account is $25. There is no minimum if you contribute by payroll direct deposit.