Coverdell ESA
An ESA (Educational Savings Account) is an investment tool created for the purpose of paying for the future cost of a child's education. The plan allows total after-tax contributions of $2,000 per year for each child until they reach the age of 18. These contributions and their subsequent earnings are tax-free when withdrawn to pay for qualified education expenses.
- Features
To open up a Coverdell ESA, please visit one of our convenient branch locations.
- Service an Existing Coverdell ESA
Request a withdrawal, manage beneficiary information, or make a regular or transfer contribution to a Coverdell ESA.
