Coverdell Educational Savings Account

 

Non-deductible account that features tax-free withdrawals for a child’s qualified education expense. Up to $2,000/year can be contributed based on your Modified Adjusted Gross Income and tax filing status.

 

 

 

 

•No Annual Fees  •Compounds Semiannually  •$100 minimum Deposit  •Variable Rate tied to the First Stae Bank 36 month Certificate of Deposit Rate  •Adjusted Quarterly January 15, April 15, July 15 and October 15  •FDIC Insured