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Education Savings Account
Start early when saving for higher education.
Get a boost from our education savings account
It's time to hit the books with a smart savings strategy for college. Open a Coverdell Education Savings Account and get attractive tax advantages while building up funds for the ever-increasing costs of college. Anyone can contribute to this account, making it easy for family members to provide gift money for big dreams.
- Open an account for any beneficiary under 18 years old
- Deposit up to $2,000 each year (contributions not tax-deductible)
- Withdrawals are tax-free when used for qualified education expenses