Coverdell Education Savings Accounts
It’s never too early to start saving
Ignite your little one’s financial future with the Coverdell Education Savings Account.
The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals for a child's higher education expenses.
- ¹Contributions can be made until the day after the child turns 18.
- $2,000.00 maximum annual contribution limit
²Tiered dividend rate based on daily balance minimums Click here for current rates
³Tax-free withdrawals for elementary, secondary, or higher education (this includes computer technology and equipment.)
$1 Membership Share account is required to establish Collins Community Credit Union membership
At Collins, we offer a variety of services to enhance your banking experience. Click here to view the full list of our services.
Start early, save smart, and invest in their future!
Important Legal Disclosures
Must meet membership eligibility requirements.
Please consult a tax advisor for additional information.
¹Contributions can only be made until the beneficiary reaches the age of 18.
²APY = Annual Percentage Yield. APY is accurate as of the last dividend declaration date. Requires $100 to open. $0.01 minimum balance required to earn APY. Fees could reduce earnings on account. Rates are subject to change.
³For additional information regarding contributions contact your local tax representative or the IRS.
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