Money Management

Coverdell Education Savings Account

This account, generally established by a parent, grandparent or friend/relative, is intended as a tool for assisting with the cost of a child's education. The account must be established for the child prior to age 18 & must be used prior to age 30.

Features:

  • Enjoy the benefit of tax-deferred earnings & withdrawals if the funds are used as intended for education
  • Generous contributions up to $2,000 per year, per child, may be made
  • Automatic deposits offer a convenient & worry-free method for setting aside funds
  • Tiered accounts enable you to earn greater dividends with greater balances
  • Statements mailed quarterly
  • Low minimum deposit of $25