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Personal Certificate of Deposit (CDs) / IRAs > ESA

Coverdell (ESA) Education Savings Accounts

The cost of education increases each year. In addition to parents, grandparents, aunts, and uncles, other relatives can help save for education expenses

CDs / IRAs
- CD's
- College Dollars Certificate
- Education Savings Account
- IRA's - Tradional
- IRA's - Roth
  • Minimum required opening deposit of $500.00 is required.

  • Annual contributions up to $2,000.00 for each beneficiary age 18 and under.

  • Contributions are not tax deductible, but grow tax-free.

  • No taxes on distributions if they do not exceed education expenses.

  • Contributions may be used for elementary, secondary, and postsecondary education expenses.
  
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