Coverdell Educational Savings
It’s never too early to begin contributing to your son’s, daughter’s or relative’s college fund. Start now with a Coverdell Educational Savings account.
Key Features
- Minimum deposit to open = $0
- $2,000 annual contribution per child under age 181
- Savings for higher education, or elementary and secondary school expenses
- Account grows tax-free
- Funds are insured by ASI (up to $500,000)
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1 Contribution limits may apply according to contributor’s modified adjusted gross income (AGI). Your limit may vary. Consult IRS Publication 590 (Coverdell Education Savings Account) or a tax professional for details.