Savings – Educational Savings IRA

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.

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.

SmartKid

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Start saving for every occasion!