Coverdell Education Savings

Give your child an education to get ahead, not payments that put your student behind. A Coverdell Education Savings Account (ESA) lets you save for the costs of higher education while earning competitive dividends. Then make withdrawals tax-free to cover qualified expenses*.

Tuition, room, board, and books can add up in a hurry. Plan for your young one's tomorrow, today.

Essentials
  • No setup or annual fee
  • Dividends grow tax-free
  • Withdrawals are tax-free when used for qualified education expenses*
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply**
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • NCUA insured

*Qualified expenses include tuition and fees, books, supplies, board, etc.

**Consult a tax advisor.

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