Coverdell Education Savings- America First Credit Union
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COVERDELL EDUCATION SAVINGS

 

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  • Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).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.

 

A Valuable Investment

Investing in education is important for your family's long-term financial health. We have a vehicle to assist.