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Education Savings Account – North Carolina

Personal Finances 3 min read

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College is expensive. The cost of tuition, housing, books, food, and transportation starts to add up. The cost of going to college has gone up by over 400% since the 1970s. The average college student’s debt is $37,172. Don’t get bogged down with student or parent loans. In North Carolina, a First Bank education savings account can help you save for college.

Start A Savings Account for Education at First Bank in North Carolina

North Carolina is home to some of the best universities in the country, like N.C. State, UNC Chapel Hill, Duke, Elon, Eastern Carolina University, and Wake Forest. You shouldn’t have to miss out on the great education North Carolina has to offer because of the high costs.

First Bank understands the importance of education. Our education savings accounts can help you prepare for your future and achieve your career goals.

Everywhere Savings – Our Everywhere Savings account is a great option for anyone who wants to start saving for college.

MyFirst Savings – It is never too early to start saving for your education. First Bank customers under 18 years of age can open a MyFirst Savings account with only a $10 initial deposit.

Money Market – First Bank’s Money Market account is a good option for parents or young adults who can put down a little more money to deposit.

CDs – A certificate of deposit may be a good option for parents or students who do not need immediate access to their funds. CDs usually earn interest at a higher rate, and are FDIC-insured.*

All of our accounts come with free online and mobile banking services.** First Bank makes it easy for you to manage your account from virtually anywhere.

Contact or visit your local First Bank to speak with one of our experts about the best education savings account option for you. With over 80 locations in North Carolina, it is easy to find a First Bank near you.

*CDs are subject to penalty for early withdrawals prior to maturity date. Penalty will reduce earnings. Investment and Insurance Products are NOT Bank Deposits, NOT FDIC-Insured, HAVE NO Bank Guarantee, NOT Insured by any Federal Government Agency, May Go Down in Value.

**While First Bank does not charge for mobile banking, check with your mobile service provider for web access fees. iPhone®, and iPod Touch® are registered trademarks of Apple, Inc. Android™ is a trademark of Google Inc. Compatibility notice: The First Bank mobile app is not currently compatible with iOS7, the new operating system for iPhone, iPad® and iPod Touch®. We are aware of the issue and are working on an update to address it. We apologize for any inconvenience.

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