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Smart Choice Plan Details
| Enrollment and Account Management | You can open and manage your account at any FirstBank location or online at Efirstbank.com. You can also choose to receive email notifications when your account statements and transaction confirmations are available online. Enroll now! |
| No Account Fees | Enrollment is free, and there are no account maintenance fees. |
| No Minimum Investment | You can start with as little or as much as you want, and add to it whenever you want as well. |
| No Minimum Balances | There are no minimum balances required to open or maintain an account. |
| Multiple Contribution Methods | You can contribute by check, electronic bank transfer, automatic deposit, or by rolling over assets from other qualified college savings vehicles. |
| FDIC-Insured Savings | Smart Choice is Colorado's only FDIC-insured 529 college savings plan ¹, so you can invest confidently knowing that your savings will be safe. |
| 2 Savings Choices | Money Market Savings A Liquid Account that allows deposits and withdrawals at any time (certain restrictions apply). Plus, there is no minimum balance required to open an account, no monthly service charge, and premium rates are earned on balances over $20,000. 1-Year Time Savings Time Account offering low-risk investment opportunities and higher interest rates by locking in your deposits for a specified period of time. There is no minimum balance required to open an account, no monthly service charge, and deposits may be made at any time without extending maturity. |
| High Account Maximum | You can contribute on behalf of a student until the total balance of all CollegeInvest 529 plan accounts held for the same beneficiary reaches an aggregate maximum balance, which is currently $280,000. This includes accounts held in the CollegeInvest Smart Choice College Savings Plan and other 529 plans sponsored by the State of Colorado. |
| Additional Tax Benefits | You may be eligible for additional tax benefits. |
| Expert Management | Recordkeeping and related services for the plan are managed by FirstBank. |
| Access 24/7 | As a CollegeInvest Smart Choice College Savings Plan account owner, you can enjoy 24-hour access to your account. View your statements, submit contributions electronically, maintain your account, download or request account maintenance forms, and obtain performance information any time you like. If you open more than one account, you can view them all with one user name and password. You can also speak to a customer service representative 24-hours a day, seven days a week by calling 1-800-964-3444. |
For more information about the tax benefits of the CollegeInvest Smart Choice College Savings Plan, see the Smart Choice Plan Disclosure Statement. To get started with the plan, please visit a FirstBank location or the FirstBank website.
1 Smart Choice College Savings Plans are not insured by CollegeInvest, the State of Colorado, or its agencies. However, these funds are FDIC-insured in accordance with the current FDIC coverage limits.
Important Considerations
Official Statement
To learn about CollegeInvest’s 529 program, its objectives, risks, charges, limitations, restrictions and qualifications regarding the Plans’ benefits and potential tax advantages, please read the Program Disclosure Statements (PDS) available at www.collegeinvest.org. Also, check with your home state to learn if it offers tax or other benefits for investing in its own plan. CollegeInvest and the CollegeInvest logo are registered trademarks. Administered and Issued by CollegeInvest.
Capacity of Dealer and Other Parties
CollegeInvest is the issuer of plan securities and is the trustee of the plans in accordance with Colorado law. CollegeInvest also oversees the Managers' activities and provides certain administrative services, such as marketing, audit, and financial statements, in connection with the plans.
FirstBank serves as the Plan Manager for the CollegeInvest Smart Choice College Savings Plan and has overall responsibility for the day-to-day operations, including effecting transactions. FirstBank also assists CollegeInvest with marketing and distributing the CollegeInvest Smart Choice College Savings Plan.
CollegeInvest and the CollegeInvest logo are registered trademarks. Smart Choice is a registered service mark of CollegeInvest.
FirstBank - Member FDIC
1560 Broadway, Suite 1700 Denver, Colorado 80202