Make planning for your children’s educational future easier with a Coverdell Educational Savings Account.
A Coverdell Education Savings Account is for those who want to invest after-tax dollars now to receive tax-free withdrawals when paying for their child’s education. This includes private or religious elementary and secondary education, college, university, vocational or other postsecondary education. The withdrawn funds are tax-free as long as they are used for qualified education expenses, such as tuition and fees; required books, supplies and equipment; and most expenses for room and board.
- Interest grows tax-free and withdrawals are tax-free.
- $50 minimum opening deposit.
- No administrative fees.