Education Savings

Save for your child’s future.

A Coverdell Education Savings Account (CESA) provides a dedicated place to grow savings.

• Deposit up to $2,000 per year for each child under 18.
• Withdraw money without an IRS penalty as long as it is used for higher education.
• Qualified withdrawals are tax-free since deposits are made after taxes.
• Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).
• Learn more about a CESA at www.irs.gov

Getting Started

• Competitive rates
• Savings and Savings Certificate options available
• Minimum of $25 to open an Coverdell Education Savings Account.
• Minimum of $500 to open an Coverdell Education Savings Certificate Account with a term from 6 months to 5 years.
• No minimum balance
• No monthly service fees
• NCUA insured up to $250,000

Visit a branch location to open an account.

This information is not intended to provide tax advice. See a competent tax advisor to help you determine which type of Coverdell Education Savings Account best suits your needs.