High Yield Bank Savings 529 Portfolio
Overview
| Unit value as of | ||
|---|---|---|
| Day change | ||
| Total annual asset-based fees | ||
| Inception date | 9/27/2024 | |
| APY (with exceptions noted below) | 4.53%* | |
Footnotes
- *Note: This portfolio is referred to as "High Yield" because the interest rate credited to the portfolio is 0.20% higher than the effective federal funds rate ("EFFR"). The High Yield Bank Savings 529 Portfolio rate is adjusted the first of the month in any given month in which the EFFR changes the prior month. Therefore, the rate as disclosed on this website may be five days out of date at the beginning of a month in which the EFFR changed in the prior month.↩
Investment objective
The High Yield Bank Savings 529 Portfolio seeks income consistent with the preservation of principal.
Investment strategy
The assets in this Investment Portfolio are invested solely in a FDIC-insured interest-bearing deposit account at Union Bank and Trust and/or Nelnet Bank.
Risk level
Conservative
Moderate
Aggressive
Learn more about how risk potential could affect your investment by completing our Risk Tolerance Questionnaire.
Historical performance
Average annual total returns as of 5/31/2025
| Category | High Yield Bank Savings 529 Portfolio | Benchmark |
|---|---|---|
| Year to date | 1.85% | 1.84% |
| 1 year | ||
| 3 years | ||
| 5 years | ||
| 10 years | ||
| Since inception | 3.11% | 3.14% |
Average annual total returns as of 3/31/2025
| Category | High Yield Bank Savings 529 Portfolio | Benchmark |
|---|---|---|
| Year to date | 1.09% | 1.10% |
| 1 year | ||
| 3 years | ||
| 5 years | ||
| 10 years | ||
| Since inception | 2.35% | 2.39% |
The performance data quoted represent past performance and are net of all fees and expenses. Past performance is not a guarantee of future results. Your returns and the principal value of your account will fluctuate, so your investment may be worth more or less than the original value when you withdraw your money. Current performance may be lower or higher than the performance quoted above. Investors cannot invest directly in a benchmark.
All performance figures in the table, with the exception of the performance figures in the year-to-date column, represent the average annual compound rate of the total return. All figures in the year-to-date column represent cumulative, nonannualized returns.
Asset allocation
- 100.00% Capital Preservation
Underlying funds/
investments
| Ticker | Underlying funds/ investments |
Allocation |
|---|---|---|
| N/A | UBT/Nelnet Banks Savings | 100.00% |
The above table lists the underlying holdings in which this portfolio invests and the percentage of the portfolio's assets allocated. Please keep in mind that if you invest in this portfolio, you will own this portfolio; you will not have direct ownership of its underlying holdings. For more information on investment portfolios, fees and expenses, including cost examples, please read the Plan Description.
FDIC insurance coverage
Subject to the application of bank and FDIC rules and regulations to each account owner, contributions and earnings in the High Yield Bank Savings 529 Portfolio will be subject to FDIC insurance. By contrast, no other investments in the Plan are insured by the FDIC (or by any other government agency or branch). Contributions to and earnings on the investments in the High Yield Bank Savings 529 Portfolio have been structured in order to be insured by the FDIC on a per participant, pass-through basis with respect to each account owner up to the maximum limit established by federal law, which currently is $250,000. The amount of FDIC insurance provided to an Account Owner is based on the total of: (1) the value of an Account Owner's investment in the High Yield Bank Savings 529 Portfolio underlying investment, and (2) the value of all other accounts held by the Account Owner at Union Bank and Trust Company and/or Nelnet Bank (including bank deposits), as determined in accordance with applicable FDIC rules and regulations. You are responsible for monitoring the total amount of your assets on deposit at Union Bank and Trust Company and/or Nelnet Bank, including amounts held directly at Union Bank and Trust Company and/or Nelnet Bank. All such deposits held in the same ownership capacity at Union Bank and Trust Company and/or Nelnet Bank are subject to aggregation and to the current FDIC insurance coverage limitation of $250,000. Each Account Owner should determine whether the amount of FDIC insurance available to the Account Owner is sufficient to cover the total of the Account Owner's investment in the High Yield Bank Savings 529 Portfolio underlying investment plus the Account Owner's other deposits at Union Bank and Trust Company and/or Nelnet Bank. Deposits held in different ownership capacities, as provided in FDIC rules, are insured separately. None of the Bright Start 529 Plan, the Program Manager, the State of Illinois, the Illinois State Treasurer, or any of their respective affiliates are responsible for determining the amount of FDIC insurance provided to an Account Owner. For more information, please visit www.fdic.gov.
The High Yield Bank Savings 529 Portfolio underlying investment does not provide a guarantee of any level of performance or return or offer any additional guarantees. Like all Portfolios, neither the contributions into the UBT/Nelnet Bank Savings underlying investment, nor any investment return earned on the contributions are guaranteed by the State of Illinois, the Illinois State Treasurer, the Program Manager, Union Bank and Trust Company and/or Nelnet Bank or any of their respective authorized agents or affiliates or any other federal or state entity or person.
To learn more about the Bright Start Direct-Sold College Savings Program, its investment objectives, risks, charges and expenses please see the Plan Description at BrightStart.com before investing. Read it carefully. Investments in the Plan are neither insured nor guaranteed and there is the risk of investment loss. Check with your home state to learn if it offers tax or other benefits such as financial aid, scholarship funds or protection from creditors for investing in its own 529 plan before investing.
The material contained on this website is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or investment strategy and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Investment decisions should be based on an investor’s objectives and circumstances.
TIAA-CREF Individual & Institutional Services, LLC, Member FINRA, is the distributor and underwriter for the Bright Start Direct-Sold College Savings Program.