OMAHA, Neb.--(BUSINESS WIRE)--First National Bank of Omaha is pleased to announce that it has awarded $5,290 in bonuses to help students and their families save for higher education through Nebraska’s state-sponsored 529 college savings program. Ten winners each received a $529 contribution to a Nebraska Educational Savings Trust (NEST) account as part of an Automatic Investment Plan (AIP) promotion. The ten beneficiaries reside in Grand Island, Gothenburg, Lincoln, Omaha, Sidney and Waterloo, Nebraska; Pine Island, Minnesota; and West Jordan, Utah.
First National Bank announced the AIP bonus opportunity late last year. To qualify, new or existing NEST Direct or NEST Advisor College Savings Plan account owners had to establish a new, recurring AIP between November 1 and November 30, and complete an AIP contribution to the account by December 31.
AIP is a savings option that allows participants to automatically contribute to their NEST Direct or NEST Advisor accounts directly from their personal checking or savings bank accounts. The contributions are set up on a recurring basis, usually monthly, making contributions easier and more convenient for plan participants. AIP can be established at the time of account opening or later by logging into the account.
NEST is a tax-advantaged 529 college savings plan and provides four plans to help make saving for college simple and affordable: NEST Direct College Savings Plan, the NEST Advisor College Savings Plan, the TD Ameritrade 529 College Savings Plan, and the State Farm College Savings Plan. The Nebraska State Treasurer serves as the Program Trustee. First National Bank of Omaha serves as the Program Manager, and all investments are approved by the Nebraska Investment Council. Currently, more than 53,000 families in Nebraska and more than 190,000 nationwide are saving for their children’s higher education through NEST. For more information visit www.NEST529.com.
About First National Bank of Omaha
First National Bank of Omaha is a subsidiary of First National of Nebraska. First National of Nebraska has grown into the largest privately owned banking company in the United States. First National and its affiliates have $17 billion in managed assets and nearly 5,000 employee associates. Primary banking offices are located in Nebraska, Colorado, Illinois, Iowa, Kansas, South Dakota and Texas.
Investments Are Not FDIC Insured* - No Bank, State or Federal Guarantee
- May Lose Value
*Except the Bank Savings Individual Investment Option