Saving for College

Bring your college dreams within reach

Learn about your options, estimate expenses and find the account that best meets your needs

Get started with a college savings plan - important (moves focus down)

It's no secret that college is expensive. But with proper planning and regular contributions to a savings plan, you can avoid college tuition sticker shock.

Which savings plan is best for you?

Smart saving will help expand your child's choices when it's time to select a college. We can help you choose from a number of solid savings options with flexible contribution requirements and potential tax advantages.

529 College Savings Plan

  • Funded by investments
  • Earnings grow tax free
  • No annual limit on contributions
  • Withdrawals for qualified higher education expenses1 are federal tax free

Coverdell Education Savings

  • Account can be funded by FDIC-insured savings or investments
  • Earnings grow tax free
  • $2,000 annual limit on contributions
  • Withdrawals for qualified education expenses are federal tax free
  • Can also be used for qualified K–12 expenses

College Saver CD

  • Earnings are FDIC insured
  • Earnings are taxed
  • Account balance must be less than $100,000
  • No penalty for up to four withdrawals per year for qualified education expenses

Whether your priorities include retirement, education, security, a life event, legacy planning—or all of these—BB&T Investment Services, Inc., has solutions to help you reach your goals.

Ready to get started?

Phone

Arrange a meeting

800-642-8545

Online

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Mail

Send certificates and correspondence to:

BB&T Investment Services, Inc.
200 S. College St., 11th Floor
Charlotte, NC 28202

Still exploring?

It's no secret that college is expensive. But if you have a handle on the costs of attending college, you'll be better able to set your savings goals.

Learn more about the benefits and conditions of college savings accounts.

Determine your savings goals to attend the college of your choice.

1Qualified Higher Education Expenses include tuition, all mandatory fees, the costs of required textbooks, supplies and equipment, and certain room and board costs for students who are enrolled at least half time at any accredited school eligible to receive federal financial aid. Non-qualified withdrawals are subject to a federal tax penalty of 10% of earnings and the earnings are taxable as ordinary income.

Only deposit products are FDIC insured.

BB&T Investment Services, Inc., is a Member FINRA, Member SIPC. Learn more at www.finra.org (opens in a new tab) and www.sipc.org (opens in a new tab)

Investment products offered through BB&T Investment Services, Inc. are:

  • Not a deposit
  • Not FDIC-insured
  • Not guaranteed by a bank
  • Not insured by any federal government agency
  • May go down in value

The information provided should not be considered as tax or legal advice. Please consult with your tax advisor and/or attorney regarding your individual circumstances.

FINRA's BrokerCheck® is a free tool designed to help investors research the professional backgrounds of current and former FINRA-registered brokerage firms and brokers. Investors may access BrokerCheck by: 1. Visiting the BrokerCheck website at brokercheck.finra.org (opens in a new tab), or 2. Calling FINRA's BrokerCheck toll-free hotline at 800-289-9999 Monday through Friday from 8 am to 8 pm ET.

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