Automate Your Savings

Automate Your Savings

Your College Investment Plan Account offers an easy way to help build your savings for your child's future education, whether it be for college, apprenticeships, or trade schools.

By setting up Automatic Monthly Contributions (AMC) you have one less thing to worry about each month and this savings method can help you make consistent progress towards your long-term goals. As an added "bonus", you could be on your way to hitting the annual $2,500 per Beneficiary Maryland State income subtraction for this calendar year.

With AMC, you can:

  • Choose a contribution amount that fits your budget. Start with as little as $25 per month.
  • Increase or decrease contribution amounts at any time.*
  • Contribute automatically from your bank account or through payroll deductions (if offered by your employer).**
  • Eliminate the need to write checks or mail contribution slips.
  • Potentially reduce your overall average cost of investing.***

Getting Started is Easy as 1,2,3

  • Simply log in to access your Account online.
  • Go to the "Transactions" drop down menu.
  • Select "Automatic Monthly Contributions" to get AMC set up.

Saving Now Can Make a Big Difference Later

This chart shows the potential growth of AMC contributions made into your College Investment Plan Account over time.

Potential Investment Value Chart

Assumes AMC made at the end of each month, 6% hypothetical rate of return compounded monthly, and a 0.05% annual program management fee. This chart is for illustrative purposes only and does not predict or project the return of any specific investment option. Investment returns in the Maryland College Investment Plan will vary and may be higher or lower than in this example. An actual investment may assess fees or other charges that should be considered prior to investing. An AMC does not assure a profit or protect against loss in declining markets.

Are You Making the Most of the Tax Benefits Available to You?


The State of Maryland offers an income subtraction of up to $2,500 per year, per Beneficiary in the College Investment Plan in that calendar year.**** Click here to learn more.

  • *The minimum amount required per contribution for AMC is $25.
  • **For MCIP Accounts only.
  • ***Monthly contributions involve a process called dollar cost averaging. Investing a constant dollar amount, also known as dollar cost averaging, cannot assure a profit or protect against loss in a declining market. Since this involves continuous investment in securities regardless of fluctuating price levels, investors should consider their financial ability to continue purchases through periods of low and high price levels.
  • ****If you receive a State contribution for any Account in a given year, you are not eligible in that year for the income subtraction on your State taxes for contributions that you made to that or any other Maryland College Investment Plan Account. You should check with your tax professional regarding your specific situation.
  • The availability of tax benefits may be conditioned on meeting certain requirements, such as residency, purpose for or timing of distributions, or other factors as applicable. Please consult with a tax professional regarding your specific situation.