When you become a parent, your dreams for your children likely include going to college. Start planning for your child’s college education and start saving now.
So what’s the best way to save? At Openland, we have a few solutions for you; Roth IRA, 529 Savings Plan, and our Pathfinder Savings Account.
Roth IRA + 529 Savings Plan
The Roth IRA is a savings account provides flexibility and special tax treatments – among other benefits, account owners can withdraw funds from the principal portion of the savings at any time, tax-free for educational expenses.
Consulting with LPL Financial, we are committed to providing you with more details about utilizing Roth IRAs for educational purposes.
Pathfinder Savings Account
Our Pathfinder Savings Account is specifically designed for members 22 years of age or younger, and teaches them how to manage money, as well as encourages savings. With 3.00% APY* on the first $1,000.00, and standard savings rates on all balances over $1,000.00,** savings rack up quickly.
Members and non-members can open their children’s Savings Accounts in at their nearest Openland branch, or by contacting our Member Solutions Center.
It’s never too early, or too late to start saving for college – and we’d love to help you get started.
*APY = Annual Percentage Yield. 3.00% APY accurate as of 11-01-2017. **Dividends Paid Monthly
