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What is the difference between a Upromise account and a 529 account?

April 26, 2017account Upromise

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What is the difference between a Upromise account and a 529 account?

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When you receive contributions from companies as part of your purchases, they are automatically deposited in your Upromise account. You have access to this information 24 hours a day by logging in to your Upromise account. Your Upromise account is a non-interest bearing account. The Upromise Rewards Service is offered by Upromise, Inc., is not a 529 plan and does not offer the federal tax advantages associated with 529 plans. If you are seeking potential market return on your college savings, you may want to consider investing them in a 529 plan.