College Saver CD

Save for college with a flexible CD that allows withdrawals for college expenses

Best if you

  • Can save $50 or more a month for college
  • Need to save for future educational expenses—for your child, a friend or even yourself
  • Want term options of 36, 48 or 60 months with automatic renewal

Benefits

  • No penalty to withdraw up to four times per year if the funds are used for college-related expenses1
  • No monthly fees
  • Convenient grace periods

Pricing

  • The minimum to open a College Saver CD is $100
  • A draft of at least $50 or more per month from a BB&T checking or savings account is required
  • The account balance must be less than $100,000
  • Interest is compounded daily based on collected balances

The College Saver CD includes a number of extras plus convenient access options.

Enjoy these additional benefits

  • Have peace of mind with FDIC insurance protection
  • Simplify your savings with automatic renewals
  • Retain the option to use your savings as loan collateral

Keep tabs on your account

  • Use U by BB&T®, our customizable online and mobile banking experience, to monitor your BB&T and non-BB&T accounts, pay bills, set and track spending, manage your receipts and more
  • Receive important account alerts by email or text
  • Choose online statements for convenient access to your account statements from your computer or mobile device

Ready to get started?

In person

Locate a branch

By phone

Got questions?

800-BANK-BBT

800-226-5228

Determine your savings goals to attend the college of your choice.

It's no secret that college is expensive. But if you have a handle on the costs of attending college, you'll be better able to set your savings goals.

Learn about tax-advantaged college savings plans.

Ready to get started?

Not convinced that a College Saver CD is right for you?

Compare all CDs

See our Bank Services Agreement (PDF) for additional disclosures.

1Any withdrawn funds must have been on deposit for at least 7 days, and no other withdrawals may have been made in the preceding 6 days.

Fees from your mobile or data carrier may apply. A monthly service fee applies if you choose to access your online banking financial data through QuickBooks® or Quicken® Direct Connect.

The information provided is not intended to be legal, tax, or financial advice. BB&T cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided to assist you in estimating the approximate costs associated with any bank activity. Your actual costs may vary. You should consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.

Branch Banking and Trust Company, Member FDIC.