College Savings Bonds vs 529 Savings Plans
College savings bonds can be less risky that 529 college savings plans. They are a safer choice for saving for your child’s education. But there is not as much growth over time with savings bonds. Bonds for college savings work much like U.S. savings bonds. You can buy the bonds from the government, at a discounted price, with an interest rate so your bonds will mature over time. Even though the interest rates are low, generally 2%-6%, they are the safest choice for college savings.
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