The Dream is Real
Farmers and Merchants State Bank 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 – start with $10 or $1,000. It is important to just start saving!
Begin saving for higher education for a child, grandchild, niece or nephew – or even yourself - with the nationally-recognized NEST 529 Direct College Savings Plan. This unique plan offers you a smart savings strategy with simple investment options and low fees. Apply online or call us today.
Feel more comfortable working with a financial professional to create your college savings plan? Work with your financial advisor to establish a NEST Advisor Plan account.
NEST Direct 529 College Savings Plan Features:
- 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
- Drawing and Scholarships
- Convenient service at all Farmers and Merchants State Bank affiliated banks
- A convenient and secure website to maintain your account
Investors should consider before investing whether their or their beneficiary's home state offers any state tax or other benefits 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.
An investor should consider the Plan's investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement, which contains more information, which is available at www.NEST529Direct.com, should be read carefully before investing.
College Savings Tips & Tools
Drawings & Scholarships
The NEST Direct Plan offers scholarships, contests, and drawings to help you reach your savings goal.
Easily manage your account on our secure website.
College Savings Calculator
Calculate the cost of a college education.
Planning to Save
It's never too early to start saving. Educate yourself about the various savings plans before you start.
Featured Articles, News & Announcements
News & Announcements
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. 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.
This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell units within the Plan may only be made by the Program Disclosure Statement and Participation Agreement relating to the Plan.
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