Banking

I Want To:

Loans & Credit

I Want To:

Online & Mobile Services

I Want To:

Insurance

I Want To:

Investments & Retirement

I Want To:

Small Business Solutions

I Want To:

Banking

I Want To:

Credit & Financing

I Want To:

Cash Management

I Want To:

Insurance

I Want To:

Services & Expertise

Industry Expertise

Goals and Planning

I Want To:

Expanding Wealth

I Want To:

Preserving Wealth

I Want To:

Transitioning Wealth

I Want To:

« Return to main menu

Advice & Planning

« Return to main menu
Personal » Investments & Retirement » Saving for Education » 529 College Savings Plan
Personal Investments & Retirement Menu

529 College Savings Plan

Be ready for college when they are.

Call us to open an account
1.888.FC DIRECT
(1.888.323.4732)
Or, visit your local branch

Benefits

Call us to open an account
1.888.FC DIRECT
(1.888.323.4732)
Or, visit your local branch

+ View Legal Disclosures- Hide Legal Disclosures

Consult your tax advisor.

Investments in securities, annuities and insurance are not insured by the FDIC or any federal government agency; may lose value; are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate; and are subject to investment risks, including possible loss of the principal amount invested. Brokerage and some investment advisory services are offered through First Citizens Investor Services, Inc. Member FINRA/SIPC.

Eligibility

  • Anyone 18 or older can open a 529 College Savings Plan.
  • There are no state residency requirements.
  • Funds can be used at any accredited school eligible to accept federal financial aid.
Call us to open an account
1.888.FC DIRECT
(1.888.323.4732)
Or, visit your local branch

+ View Legal Disclosures- Hide Legal Disclosures

Investments in securities, annuities and insurance are not insured by the FDIC or any federal government agency; may lose value; are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate; and are subject to investment risks, including possible loss of the principal amount invested. Brokerage and some investment advisory services are offered through First Citizens Investor Services, Inc. Member FINRA/SIPC.

Contributions & Withdrawals

Contributions

  • No annual limit. However, most state plans impose high lifetime limits on the amounts allowed in an account. Further, contributions are subject to federal gift tax laws, and excess contributions could result in gift tax implications.

Withdrawals

  • Withdrawals made for qualified education expenses, such as tuition, room and board and books are not subject to taxes.
  • If the purpose of the withdrawal is not for qualified educational expenses, the earnings portion of the withdrawal will be subject to state and federal income tax, as well as an additional 10% penalty.
Call us to open an account
1.888.FC DIRECT
(1.888.323.4732)
Or, visit your local branch

+ View Legal Disclosures- Hide Legal Disclosures

Consult your tax advisor.

This information is for educational purposes only. Seek professional advice prior to investing.

Investments in securities, annuities and insurance are not insured by the FDIC or any federal government agency; may lose value; are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate; and are subject to investment risks, including possible loss of the principal amount invested. Brokerage and some investment advisory services are offered through First Citizens Investor Services, Inc. Member FINRA/SIPC.

Taxes

Tax-deferred earnings — You don’t pay taxes on earnings while the money is in the account.

Tax-free withdrawals—You don’t pay federal taxes on money you take out of the account as long as it is used to cover qualified expenses for higher education.

Call us to open an account
1.888.FC DIRECT
(1.888.323.4732)
Or, visit your local branch

+ View Legal Disclosures- Hide Legal Disclosures

Consult your tax advisor.

This information is for educational purposes only. Seek professional advice prior to investing.

Investments in securities, annuities and insurance are not insured by the FDIC or any federal government agency; may lose value; are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate; and are subject to investment risks, including possible loss of the principal amount invested. Brokerage and some investment advisory services are offered through First Citizens Investor Services, Inc. Member FINRA/SIPC.

Questions?

Email us

Or call

1.888.FC DIRECT (1.888.323.4732)

Learn more about Online Banking

Secure account access to keep your finances streamlined and organized

Learn More

Get the Mobile Banking app

Make deposits, pay bills, transfer funds and manage your account on the go

Learn More

Popular Links

Email your question or comment

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To get additional information or to send a comment about First Citizens Bank, our products and services, please complete the online form below.

* indicates required field

Request a Call

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

Would you like to know more about our products and services? Give us your name, phone number, area of interest and what time is convenient for you. We will have a qualified First Citizens associate contact you to answer your questions.

* indicates required field

Personalize Your Banking Experience

First Citizens Bank product offerings differ from region to region. In order to accurately display information on accounts, rates and special promotions specific to your area, please enter your 5-digit ZIP Code below.

Submit Please enter a valid 5-digit zip code
Email

Thank you for your inquiry. A First Citizens Representative will contact you shortly.

An error occurred while sending your request. Please try again.

To contact , please complete the following form.

* indicates required field

Deposit cash or checks without an envelope 24 hours a day, seven days a week

Learn more »

Please Upgrade your browser

Your Browser Is Not Supported – Please Upgrade

In order to view and use certain First Citizens Bank products, services and webpages, we recommend that you use a current version of one of the following browsers. You can upgrade your existing browser by clicking one of the links below. You will need to restart your computer in order to complete the upgrade.

We strongly recommend that you upgrade now.

If you do not upgrade your browser, you may experience functional or display issues on the pages you are attempting to access.

1. Upon clicking this link, you will leave the First Citizens Bank website and go to a third party site. Third party sites may have a privacy policy different from First Citizens Bank and may provide less security than this site. First Citizens Bank and its affiliates are not responsible for the products, services, and content on any third party website.