The 529 College Savings Program allows parents, grandparents, and others to invest in a child's future education while receiving tax benefits.

  • Educational opportunity: Funds can be used for an education at most accredited universities, colleges, and trade schools.
  • Earnings: Earnings grow tax free.*
  • Increased tax deduction: Up to $4,000 (married filed jointly) or $2,000 (single) can be deducted from your Arizona gross income.
  • Tax free withdrawals: Qualified withdrawals are exempt from income taxes.
  • Flexibility: Anyone can contribute and the beneficiaries can be changed at anytime.
  • Low minimum investment: Start a savings program for as little as $25 a month.

For More Information visit: College Savings Bank

How To Open

Open by visiting your local branch and talking with a Personal Banker.

*Earnings on nonqualified withdrawals are subject to federal income tax and may be subject to a 10% federal penalty tax, as well as state and local income taxes and early withdrawal penalties. The availability of tax or other benefits may be contingent on meeting other requirements.

Have questions or need more help?  Request information online or contact your local branch