Coverdell Education Savings
Enjoy the tax advantages of a Coverdell Education Savings for your child's education expenses.
All Earnings Grow Tax-Free and Stay Tax-Free
A Coverdell Education Savings Account is a personal savings plan that has the potential to provide tax advantages for future education expenses.¹
Tuition is a no-brainer!
Paying for tuition is a done deal, thanks to our Coverdell Education Savings Account. Either you or your parents can deposit up to $2,000 each year until you’re 18 years old. Start earning dividends with as little as $50.1 Plus, add to it anytime.
You can also choose to open a Coverdell ESA Certificate with a minimum of $1,000,1 and earn a competitive fixed rate for the term of the certificate. Even select the maturity date anytime between three months to five years.
Ready Whenever You Are
Money can be used tax-free for qualified education expenses, including tuition, uniforms, books, academic tutoring, computers and more.
Good For Your Family, Too
Account is transferable to other family members under the age of 30.
You May Also Like These Savings Options
Primary Savings
Open with $0. Start earning at $50.
The savings account behind every Cal Coast membership. No minimum deposit, no monthly fee, and dividends as soon as your balance hits $50. It's the account every other Cal Coast product builds on.
Money Market Savings
A Money Market Savings account is perfect for those looking for easy access to their funds and higher dividend rates.
Smart Savings
Learn more about Smart Savings accounts with California Coast Credit Union. Contact us today to get started.
