529 College Savings Program
With as little as $15 per month through direct deposit, you are able to start saving for the cost of higher education through MEFA's U.Fund 529 College Investing Plan with Fidelity Investments www.mefa.org/ufund
For more information or to enroll, go online to www.fidelity.com/ufund or call 1-800-544-2776 to speak to a dedicated U.Fund College Investing Plan representative. Once your account has been set up with Fidelity, your contributions can be made automatically from your bank account, your Fidelity Account, or with direct deposit from your paycheck.
The U.S Department of Treasury has a service called TreasuryDirect which allows induviduals to set up accounts on-line to buy, redeem Treasury securities including saving bonds.
To participate in the Department of Treasury plan, employees need to take the following steps:
- Set up a treasury Direct account with the department of Treasury: http://www.treasurydirect.gov/tdhome.htm
Log into the UMass HRDirect Self Service and a new direct deposit. Employees would enter their new treasury account information as well as the biweekly amount that want deposited to this new account.
For additional information, please visit the following websites:Federal Reserve Bank: www.frbservices.org/PayrollSavings
U.S. Department of Treasury: http://www.treasurydirect.gov/instit/savbond/mat/mat.htm