Coverdell Education Savings
Education is one of the best investments you'll ever make, whether it’s for yourself, your children, or your grandchildren. With a Coverdell Education Savings account, earnings and withdrawals are tax-deferred.
The money from the account may be used for a wide range of education expenses including: tuition, books, computers, room and board, and tutoring.
- Summary
- Earnings and withdrawals are tax-deferred
- Earns competitive dividends
- No minimum deposit to open
- Education based savings
- Annual contributions may not exceed $2,000 per child
- Free eStatements
- Certain ESA benefits expire after 2010*
- NCUA insured
Take a look at our rates.
*K -12 expenses will no longer qualify, the annual contribution limit will be reduced to $500, and withdrawals will not be tax-free in any year in which a Hope credit, Lifetime credit, or Lifetime Learning credit is claimed for the beneficiary.
