Coverdell Education Savings Accounts

Description:

• This account allows you to save for a child’s education with earnings and withdrawals tax-free for education purposes.

Requirements:

• Minimum balance to open account is $25.00.
• Minimum balance to receive the annual percentage yield disclosed is $0.01.

Benefits:

• Save for a child’s education with earnings that are tax-free.
• Earnings grow faster with tax-free status.
• Tax-free withdrawals for qualified education expenses for kindergarten through higher education.
• You can select your maturity. Choose from next day (IRA Savings) to a five year certificate of deposit.

Cost:

• No annual fees on these accounts.
• No service charges on these accounts.