Saving for education doesn't have to be complicated
Saving for education doesn't have to be complicated.
CollegeBound Saver is Rhode Island’s 529 plan. It gives you a way to save for education
that’s easy, flexible, and tax advantaged.
All you need to get started is
10 minutes and $0.
Use savings for tuition, books,
housing, or other school-related
expenses—including trade
schools or apprenticeships.
Any earnings can potentially grow tax-deferred, and a state tax benefit is available for Rhode Islanders.2
Saving for education doesn't have to be complicated
Learn more about CollegeBound Saver and all the ways it can help you save.
We’re here to help, so you can help them achieve their dreams.
Our College Savings Specialists are ready to answer any questions you may have. Schedule a
one-on-one session or attend a webinar.
Ms. McElroy and Ms. Bailey are registered representatives of Ascensus Broker Dealer Services, LLC, 95 Wells Avenue, Suite 160, Newton, MA 02459, 1.877.529.2980 (member FINRA/SIPC) and are not employed by the State of Rhode Island.
The future is full of possibilities.
Take advantage of this limited time offer while it lasts. Open an account today to claim your $300 contribution1 and give your money more time to potentially grow.
Open An Account1This offer is limited to the first 200 accounts opened for a beneficiary age 0-5 between May 1, 2026 – May 31, 2026. Must use promo code 529Day during online enrollment. For more details, please read the Official Promotion Rules.
2Earnings on non-qualified distributions may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. Rhode Island taxpayers who are account owners are eligible for a deduction in computing state income tax of up to $1,000 for married couples filing jointly and $500 for individual filers for contributions to their CollegeBound Saver account. Subject to certain conditions and requirements, contributions in excess of the annual limit can be carried forward and deducted in future years. If an account owner makes a non-qualified distribution or certain transfers or rollovers to another state’s program, the amount of the deduction may be "recaptured" and included in the account owner’s Rhode Island income.


