This Is a Tax Advantaged Way to save for a Child's Education.

• Deposit up to $2,000 per year for each child under 18.
• Withdraw money without an IRS penalty as long as it is used for higher education.
• Qualified withdrawals are tax-free since deposits are made after taxes.
• Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).
• Open a Coverdell Education Savings Account Accumulator with no minimum deposit.
• Open a Coverdell Education Savings Dedicated Savings account with no minimum deposit and an automatic monthly deposit of as little as $10 per month.
• Open a Coverdell Education Savings Certificate Account with a low $500 minimum deposit.