Skip to navigation Skip to login Skip to footer menu search LOG IN Saving for education Smart saving and investment solutions to help you prepare for and manage the costs of higher education. Give the gift of education While saving for college may seem like an overwhelming task, the decision to start to save is key. Smart planning and guidance can help your student reach their goals. 529 College Savings Plans Tax-advantaged way to save for qualified education expenses. Coverdell Education Savings Accounts Tax-advantaged investment account to save for education and related expenses. General Investment Account Wide range of options available to save for future expenses. HOW MUCH DO YOU NEED TO SAVE? 529 College Savings Plans With a 529 savings plan, you can save for anyone – your child or grandchild, a niece or nephew, a friend or even yourself. These plans, generally sponsored by individual states, provide a tax-advantaged way to save for qualified higher education expenses. 529 plans can also be used for withdrawals up to a limited amount for qualified elementary and secondary education expenses. There are no income limits on what you can contribute. Plan assets are professionally managed by independent investment firms or state government agencies, and may be invested in a variety of mutual funds and age-based portfolios offered through different mutual fund companies. Coverdell Education Savings Accounts Save for your child’s qualified elementary, secondary and higher education expenses. Set money aside to grow tax deferred until distributed when the child reaches 18 years of age. There are also certain contribution and income limits you need to consider, and withdrawals must be used for qualified education expenses before the beneficiary turns 30, otherwise income and penalty taxes may apply. College Savings: Negotiating the Labyrinth in Newly-Volatile Markets The return of volatility in the investment markets may or may not prove long-lived this time around, but college savers don’t want to take the risk: They may need to call upon their accounts to produce for their children or grandchildren in the next few years, and they don’t want to face the prospect of severe account depletion. DOWNLOAD NOW Start planning with these helpful calculators What will it take to save for a college education? VIEW CALCULATOR What investments can I use to save for college? VIEW CALCULATOR We're here to help! 800-392-3009 Find Advisor Find Branch First Name: Last Name: State: Select... CT MA ME NH NY VT Phone Number: Email Address: SEND Disclosure Investment and insurance products are offered through People’s Securities, Inc., a Broker/Dealer, member of FINRA and SIPC, an insurance agency. People’s Securities, Inc. is a subsidiary of People’s United Bank, N.A. Investment products may involve risk, including possible loss of principal. Investment and Insurance Products are: • Not Insured by FDIC or any Federal Government Agency • Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate • May Lose Value Form CRS - Business Continuity Plan - Commission & Fee Schedule - Financial Statement - Conflicts of Interest Disclosure - Order Routing Disclosure - Day Trading Disclosure - BrokerCheck You might also be interested in... Premier Advantage Checking A rewarding, go anywhere-do everything checking account. LEARN MORE Home Equity Line of Credit Make your dreams a reality with a Home Equity Line of Credit. LEARN MORE Retirement Planning It's never too early to start planning for retirement. LEARN MORE © 2021 People's United Bank, N.A. By using People's United Online Banking, you agree to the People's United Electronic Services Agreement. ABOUT About Us Careers Community Press Room Investor Relations SITES Personal Business Wealth Site Feedback SERVICE AND SUPPORT Support Center Security Center Find A Branch Mobile Banking Online Banking TERMS & CONDITIONS Privacy Online Terms Servicemember Information Accessibility Options