Education Savings
Help your child reach new heights.
It’s never too early (or late) to start saving for your child’s future.
Benefits
Tax-Free
Use your savings for tuition, not taxes. A Coverdell Savings Account empowers you to do just that. You can set your money aside, tax-free.² Ready to pay that education bill? You can withdraw your money free from tax penalties too.
Flexible
Break free from the rules and restrictions of 529 savings plans and use your funds for more than just college tuition. A Coverdell Savings Account keeps you covered for a variety of expenses for most public, private, and parochial schools — elementary school through college.
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Disclosures
1) For details, see our Truth in Savings document.
2) There is a $2,000 per year contribution limit for each child. Withdrawals for qualified educational expenses are tax-free. Please consult a tax professional for specific tax advice.