Coverdell Education Savings
Paying for Education
With the cost of education rising each year, it’s increasingly important to start saving early. It is not uncommon for parents to begin a college savings account for a new addition to the family, but what about other education expenses?
We are proud to offer Coverdell Education Savings Accounts (ESA) to help you save for a variety of circumstances. Anyone can contribute to a child’s Coverdell ESA, and withdrawals are tax- and penalty-free when used to pay for qualified elementary, secondary, or higher education expenses.
3 APY = Annual Percentage Yield. Dividends compounded and credited quarterly.
|Product||Min. Deposit to Open||Min. Balance to Earn APY3||APY / Dividend Rate|
|Education Savings||$100||$0||0.05% / 0.05%|