Accounts Offered - Personal & Business

Coverdell Education Savings Accounts (CESA)

You can't put a price on a good education. But since every university can, it's wise to start saving early. After all, tuition, books, room, and other expenses can really add up! That's where a Coverdell Educational Savings Account (CESA) can help.

With this investment tool, the balance grows tax free and can be used to pay for educational costs. Start saving today for a brighter future for your future scholar!

  • Save for a child's college education
  • Formerly called Educational IRAs
  • Dividends grow tax free
  • Maximum contribution of $2,000 per year
  • Withdrawals tax free when used for qualified education expenses
  • Contributions are NOT tax deductible
  • Contributions can be made until the child is 18 years old
  • Funds must be distributed when recipient reaches age 30
  • Contributors do not have to be related to recipient