Coverdell Education Savings Accounts
 
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Coverdell Education Savings Accounts
 


Your Needs and Preferences  

  • You would like to set aside money for your child, grandchild, or a child you know to help them with future higher education expenses.

  • Having the earnings accumulate tax-free is an attractive plus.

Account Details
  • Can be established for a child under age 18.
  • Contributions are not tax-deductible; however, earnings do accumulate tax-free.
  • Atrractive fixed rates in a choice of 6 to 60month terms with a $1,000 deposit, or 18-month variable rate with no minimum deposit.
  • Maximum annual deposit of $2,000.













 
   
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Important Information About Procedures For Opening A New Account—
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you; we may also ask to see your driver’s license or other identifying documents.

FDIC Insurance:
For general information on FDIC Insurance, click here. For an important disclosure regarding deposit insurance on noninterest-bearing transaction accounts, click here.
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