Find more information regarding these and other educational savings plans.
But the newer savings plans don't give you much control over your money.
There was nothing of any obvious interest: offers from insurance companies and building societies to take out savings plans.
The proposed savings plans would be a great deal for those with the money and inclination to save.
Many people frequently check them to see whether their pension money, savings plans or life insurance policies are safe.
In 1989, people can contribute up to $7,627 to these tax-deferred savings plans.
The savings plans were first proposed as part of the president's budget for the 2004 fiscal year.
But support for a new and expanded breed of savings plans is far from solid.
Workers would have to invest the extra money they received in private savings plans or individual retirement accounts.
He gave the agency heads until Thursday evening to draw up the savings plans.
