Education Financing

The high cost of tuition is a major concern for young adults seeking a quality education and for parents who plan on putting their children through private school and/or college. At Webster Five, we believe everyone should have access to a good education. So, we offer several options for financing this important goal in one’s life.

Coverdell education savings account

This personal savings tool created by the federal government allows you to save for your child’s education and take tax-free distributions for education expenses.*


Home equity loans or credit lines

If you have equity in your home, a home equity loan or line of credit can help pay for tuition with a lower interest rate than most credit cards and other loans.



At Webster Five, we partner with Raymond James Financial Services, one of the nation’s largest and most respected investment management firms, to bring our customers their depth of experience and insight. This allows us to offer a full range of investment products, services and expertise. To make an appointment, contact Michael Carnevale, Branch Manager/Financial Advisor, at, or call 1-800-657-9126.


*Consult your personal tax advisor to learn more.
Securities are offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, an independent broker/dealer and are not insured by the bank insurance, FDIC or any other government agency, are not deposits or obligations of the bank, are not guaranteed by Webster Five Cents Savings bank, and are subject to risks, including the possible loss of principal. Webster Five Cents Savings Bank and the Investment Center are independent of Raymond James. Please click here to view Raymond James Corporate Privacy Notice. Raymond James financial advisers may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability. Links are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors. Raymond James is not responsible for the content of any website or the collection or use of information regarding any website’s users and/or members. Investing involves risk and investors may incur a profit or a loss.

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