Open an Educational Saving IRA today to start saving for their tomorrow.
A Coverdell Education Savings Account (ESA) is a tax-favored account that helps pay for qualifying college and K-12 education expenses. Earnings on contributions may be tax-free and qualifying withdrawals are tax- and penalty-free.* You can even easily change beneficiaries should education priorities change.
ESA Requirements
• The beneficiary must be under age 18, unless they are special needs
• All funds must be used by age 30
• Responsible individual on the account must be a parent or legal guardian of the beneficiary
• Annual contribution maximum is $2,000
*For specific tax advice, consult your tax advisor.
Youth Accounts
Open an account for your child to begin teaching them healthy money habits. We believe that it’s never too early to start a financial journey.
boom! Account