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NEST 529 College Savings Plan

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NEST 529 College Savings Plan

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Invest today for a brighter tomorrow.

As far away as it may seem right now, your child will be ready for their college years in no time. Investing in a child’s higher education can make all the difference in the life he or she will lead. A child’s future success begins with an education. And saving for that education can begin today with a NEST 529 College Savings Plan.

FNBO Direct is proud to be Nebraska's Educational Savings Trust Program Manager and is ready to help you get started. There is no minimum dollar contribution amount, so you can start saving with $10 or $1,000.

The nationally recognized NEST 529 College Savings Plan can be for anyone – your child, grandchild, niece or nephew. The plan offers a smart savings strategy with simple investment options and low fees.

Account Summary

  • No account opening or annual account fees
  • Federal tax-advantaged investing
  • Flexible investment options
  • Easy ways to contribute automatically from a bank account or through your employer
  • Drawings and scholarships
  • Convenient service at all First National Bank-affiliated banks
  • A convenient and secure website to maintain your account
Account Benefits


Tax Benefits

A NEST 529 Plan provides investors a way to save tax-free1 for a child's higher education and many states also offer state tax or other benefits.

A Variety of Investment Options

NEST 529 has a simple, yet robust, mix of investments that appeal to different types of savers. No matter your comfort level and experience with investing, NEST 529 offers options to fit your savings profile.

1FNBO Direct Online Savings Account Annual Percentage Yield is accurate as of   and is subject to change after that date. Rates may also change after the account is opened. Fees may reduce earnings. Minimum deposit to open an account is $1.00. Maximum principal deposit balance: $1,000,000. See the Disclosures for additional information and limitations.

The NEST Direct Plan is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The NEST Direct Plan offers a series of investment portfolios within the Nebraska Educational Savings Plan Trust, which offers other investment portfolios not affiliated with the NEST Direct Plan. An investor should consider the Plan's investment objectives, risks, charges and expenses before investing. The NEST Direct Plan is intended to operate as a qualified tuition program to be used only to save for qualified higher education expenses, pursuant to Section 529 of the U.S. Internal Revenue Code.

The Program Disclosure Statement, which contains more information, should be read carefully before investing.

Investors should consider before investing whether their or their beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.

Participation in the Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover tuition and other higher education expenses, or that a beneficiary will be admitted to or permitted to continue to attend an eligible educational institution.

Except for the Bank Savings Individual Investment Option, investments in the NEST Direct Plan are not guaranteed or insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed or insured by the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council or First National Bank of Omaha or their affiliates, and are subject to investment risks, including loss of the principal amount invested. FDIC insurance is provided for the Bank Savings Individual Investment Option up to the maximum amount set by federal law, currently $250,000.

Nebraska Educational Savings Plan Trust Issuer
Nebraska State Treasurer Trustee
Nebraska Investment Council Investment Oversight
First National Bank of Omaha Program Manager
First National Capital Markets Principal Distributor, Member FINRA, Member SIPC
First National Capital Markets and First National Bank of Omaha are affiliates.

Investments Are Not FDIC Insured* | No Bank, State or Federal Guarantee | May Lose Value
*Except the Bank Savings Individual Investment Option