Born on February 29? Get $29 in your my529 account

Celebrate Leap Day with my529

A promotion for people who only get to celebrate their birthday once every four years! If you open a my529 account on February 29, 2020, for a beneficiary whose birthday is on February 29, we’ll get you started with a $29 contribution.*

How to do it

  1. Open a my529 account on Feb. 29, 2020
  2. Enter promotional code LEAPYEAR20
  3. Receive a $29 my529 contribution to your account.

To qualify, the new my529 account must be opened on February 29, 2020, and it must be for a beneficiary who is new to my529 and who has a February 29 birthday. (The beneficiary does not have to have been born in 2020. A February 29 birthday in any leap year will do.) Confirmation of the beneficiary’s birthday must be provided upon request.

*Only valid on February 29, 2020, or while promotional funds are available.

Continue reading to determine whether my529 is right for you.

my529 is direct-sold

You can open a my529 account directly. A financial advisor isn’t necessary.

Anyone age 18 or older can open an account

You don’t need to be related to the beneficiary

You can open an account for yourself

You don’t need to be a Utah resident

No cost to open an account

Tax-deferred growth

Account earnings accumulate tax-deferred. Your balance can grow faster because you don’t pay taxes annually on account earnings.

Tax-free withdrawals

Earnings on withdrawals are exempt from federal and Utah state income tax if the funds are used to pay for qualified higher education expenses, such as:

Tuition and mandatory fees

Books, supplies and equipment required for enrollment

Computers, related software and equipment, and internet service

Room and board for students enrolled at least half time

Services required for a student with special needs to attend a post-secondary school

K-12 tuition expenses of up to $10,000 per year per beneficiary (from all 529 accounts) at public, private, or religious schools

Payments up to certain limits on qualified education loans (student loans)

Registered apprenticeships

Low fees

my529 fees are among the lowest in the 529 industry. Learn more about my529’s fees and fee structure. 

Investment options

my529 offers 13 investment options. (Note: Your investment could lose value.)

Four age-based options.

Seven static options.

Two customized options.

How account funds can be used

Withdrawals can be used for the qualified higher education expenses of your beneficiary at any eligible educational institution in the United States or abroad.

An eligible educational institution generally includes any accredited public or private college, university, or technical school that is qualified to participate in federal student aid programs. Contact your school of interest to determine their eligibility. You can also find a complete list of institutions, updated quarterly, at the U.S. Department of Education federal student aid site.

Important notice: Federal and state tax consequences will apply if account earnings are used for nonqualified expenses.

Utah account owners may qualify for a Utah state income tax credit or deduction.


Please read the my529 Program Description for more information.