Does UESP have any FDIC-insured options?
Yes. UESP’s saving account offered through Zions First National Bank carries FDIC insurance up to the maximum amount set by law. This savings account is the sole underlying investment for one of our static options, Option 11: FDIC-Insured Savings. Selecting Option 11 as your investment option for an account would give you FDIC insurance up to $250,000 (that changes to $100,000 after December 31, 2009). (Some limitations might apply if you hold other accounts at Zions First National Bank. Read the Program Description to learn more.) Additionally, some age-based accounts eventually allocate funds to the FDIC-insured savings account as the beneficiary ages or enrolls in college. For example, if you invest in Option 8 for a beneficiary who is 16 years old, 20 percent of the account funds are allocated to the savings account and are insured by the FDIC. Be sure to read the UESP Program Description for more information on how the FDIC insurance would apply to your balance in the savings acco
