529 College Savings Plan

Learn the Basics of 529 Savings Plans


Let CSB help you get smart about paying for college.


Paying for college will likely be one of the biggest expenses you and your family will face. Planning ahead can help you manage the costs.


529 College Savings Plans are one of the best ways to save for college. Cambridge Savings has partnered with Mayflower Advisors, LLC1, a full-service, independent financial consulting firm located in downtown Boston, to make 529 College Savings Plans available to you. Unlike other college savings plans, 529 College Savings Plans offer:


  • Tax-free growth and withdrawals
  • Higher contribution limits 
  • No income or age restrictions
  • Control of plan assets
  • Flexibility
  • Estate planning benefits

 

An investment portfolio customized to your needs.

Most 529 College Savings Plan assets are invested in publicly-traded mutual funds or similar vehicles. Mayflower Advisors offer a wide range of financial products and services to individuals and business owners. A Mayflower Advisors associate will take the time to understand your risk tolerance and timeframe, and help you create a customized portfolio that meets your needs.

Supplemental Savings Programs

When opening a 529 College Savings Plan, ask about the BabyMint and Upromise savings accelerator programs. These programs allow parents and grandparents to earn rebates and savings from leading retailers which can be deposited into the college savings plan.

A Coverdell Education Savings Account can also be a great supplement educational savings.


Have questions?


Learn More about 529 Plans

 

Need more Information?
If you’d like more information, please visit one of our Branch Locations, or call (888) 418-5626.

 

Get a clearer picture of your future investments


Saving for College Calculators

 

Investment and Mutual Fund products are not bank products and are not insured or guaranteed by the FDIC, by any other government agency or by the DIF. The market value of securities and mutual funds are subject to risk, may fluctuate in value, and may result in a loss of principal. Please review the prospectus carefully before investing or sending money.  

1 Mayflower Advisors, LLC is a separate entity from Wells Fargo Advisors Financial Network, LLC (WFAFN). Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC, Member SIPC.

QUESTIONS? COMMENTS?
- Call CSB at (888) 418-5626.

- For general inquiries, email us here.

- For specific account questions, please login to your WebBank account to send a secure email.

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