Building Block 3: Make Your First Deposit

Once you have opened a college and career savings account for the benefit of your child and connected it to your child’s NYC Scholarship Account, you’re ready to make a deposit with the Save for College Program.
Saving for college and career is an important piece of a family’s overall financial plan—but it’s not the only part. The amount of money that makes sense to save for college and career is different for every family. The good news is that no amount is too large or too small when you make a deposit early! Starting to save when your child is young can make a big difference by the time your kindergartner is ready for college.
Deposit at least $5 into your connected college and career savings account and NYC Kids RISE will invest another $25 in your child’s NYC Scholarship Account!
Have you heard about the Savings Match?
Now that you’ve started saving, learn how you can double your child’s savings in the first grade!