Coverdell Education Savings Accounts (ESA)

Coverdell Education Savings Accounts (ESA)

Do you have a plan to pay for college?

When was the last time you heard about college tuition going down? Never?  Same here! With our Education Savings Account you can start saving early.

  • Contribute up to $2,000 per year (if contributor meets IRS income requirements) for each child under 18.
  • Withdraw money tax free for qualified education expenses.
  • Fixed rate of .75% annual percentage yield.
  • Minimum opening deposit of $5.
The information on this page is not intended as tax advice.  IRS rules are subject to change.  For more information or to find out if you are eligible under current tax law to contribute consult your tax advisor or explore the resources available through the IRS by clicking below.
Click here to get more detailed information from the IRS.