If you are looking for a way to save for a child's education, a Coverdell Education Savings Account may be the way to go. Up to $2000.00 per year may be deposited to an account in a child's name (under the age of 18). Earnings are all tax free provided they are used for approved educational expenses. Funds not used by one child may be transferred to another family member's Coverdell Education Savings Account if the responsible individual requests. Click here to view rate information.
* Income limitations apply to deposit amounts. Consult your tax advisor for more information on tax deductibility and penalty information.
This credit union is federally insured by the National Credit Union Administration.
Your savings federally insured to at least $100,000
and backed by the full faith and credit of the United States Government.
This page was updated:
January 18, 2008 14:02