Coverdell Education Savings (Investment) Accounts

Tax-Free Savings for Their Education

Unsure about saving for your child's education? A Coverdell ESA can help you start saving now for elementary, secondary, or higher education, reducing future worries.

• Open with just $100 – Start saving with a low minimum deposit
• No monthly account fees – More savings, less hassle
• Grow your savings – Dividends compound monthly and grow tax-free when used for qualified education expenses
• Flexible contributions – Contribute up to $2,000 per year per child until they reach age 18
• Tax-free withdrawals – Use funds for qualified educational expenses without paying taxes
• Transferable funds – Move funds to another child or eligible family member (limitations apply)
• Safe and secure – Federally insured up to $250,000 by the NCUA.