A federal tax-advantaged educational savings program the Coverdell ESA funds education expenses – not retirement.

CURRENT RATE 4.10%

• Allows for after-tax contributions of up to $2000 per child annually.
• Interest on contributions grows tax-free.
• Account must be established before a child turns 18. Deposits can be made until age 18.
• Withdrawals can be made until age 30 for qualified educational expenses.
• By age 30 unused funds can be transferred to a younger family member’s Coverdell account.
• No annual maintenance fee.
• If used for qualified education expenses distribution can be tax-free. Income limits apply.