For a better experience on RF Group, update your browser

Educational Investment Accounts

Prepare for a future of boundless possibilities.

For all the places they will go, an investment plan can help to get them there.

Preparing for the future starts now.

Whatever the future holds for your child, you want to make sure you are prepared for it. With the rising costs of college tuition, it is important to come up with a financial plan early. The most cost-effective way to pay for college is to plan in advance and save diligently. In reality, many families get behind schedule and don’t begin saving in earnest until college is right around the corner. With an RF Education Investment Account, you can not only develop a strategy towards covering your child's future educational costs, but you can invest those savings to earn higher returns, giving you both a better chance of meeting your goals.

The RF Educational Investment Account (EIA) is a flexible and effective way to prepare for future educational costs. The EIA provides access to our family of mutual funds and allows the flexibility to invest according to your personal investment risk preferences, all through a single account.

How Much Can I Save?

Although saving for college might feel unattainable, it’s far more possible when time is on your side. That’s why starting early is so important — half of your savings years will have passed by the time your child is in the second grade. When you start early, you can take advantage of the power of compounding. A compounding effect occurs when any accrued interest or earnings, in turn, collect additional interest or earnings. The earlier you start, the more opportunity your money has to grow. 

The amount will be different for each investor, depending on the amount of time until enrollment, private or public school, as well as any supplemental assistance, afforded. One thing is certain, however: It will cost more for an education tomorrow than it does today. 

Investing just $500 a month will yield the following over time:

 

Note: Values given are projections only, actual returns may vary and can go up as well as down.

What Makes The RF EIA Different?

Flexibility 

It takes a village to raise a child, and paying for college is no different. With an RF Education Investment Account, anyone can invest on behalf of your child. That means parents, grandparents, aunts, uncles, and friends can all contribute to your child’s academic future with no deposit limits for contributors. 

Multiple Investment Options 
Our EIA allows for access to six different investment strategies through one program. This option allows for the potential for higher return over time. 

You can use it at any college institution 

Where you decide to send your child to college is an important choice involving a host of factors, such as available degree programs, academic reputation, and distance from home. The EIA proceeds can be used at any college and study abroad programs to pay for tuition, fees, room and board, books, and other expenses. 

Control 

You control the account. Unlike other college savings programs, you retain control over withdrawals for the life of the account. You can even change beneficiaries to another family member if your child decides not to attend college or if there is money left over.

We bring our expertise to every college savings portfolio. 

When you open an RF Education Investment Account, you get more than a powerful college savings tool: you also get experienced and knowledgeable management of your assets.

Contact us to learn more!

Not sure where to start? One of our experts can help you!

  • Make An Appointment
  • Schedule A Call
  • Give Us A Call At (246) 435 1955

Request A Free Consultation For Educational Investment Accounts

Please fill the form and we will contact you soon
* Denotes Required Inputs
  • ABV Investments Incorporated ABV  + 0.02
  • Banks Holdings Limited BHL  + 4.85
  • Barbados Dairy Industries Limited BDI  + 3.00
  • Barbados Farms Limited BFL  + 0.40
  • BICO Limited BCO  + 3.11
  • Cave Shepherd and Company Limited CSP  + 4.18
  • Emera Deposit Receipt EMABDR  + 22.71
  • Eppley Caribbean Property Fund SCC - Dev Fund CPFD  + 0.16
  • Eppley Caribbean Property Fund SCC - Value Fund CPFV  + 0.56
  • FirstCaribbean International Bank FCI  + 1.78
  • Goddard Enterprises Limited GEL  + 2.09
  • Insurance Corporation of Barbados Limited ICBL  + 1.78
  • One Caribbean Media Limited OCM  + 2.20
  • ROYAL FIDELITY PREMIUM INCOME FUND MF  + 1.69
  • ROYAL FIDELITY SELECT BALANCED FUND MF  + 5.99
  • ROYAL FIDELITY STRATEGIC GROWTH FUND MF  + 1.14
  • West India Biscuit Company Limited WIB  + 31.25