No matter what your income level, you have a chance to save money for your child's academic future. Other traditional methods such as Roth IRAs often have income requirements, but with a Coverdell Education Savings account, growing funds for your child's future is even more possible.
Don't worry about having to keep up a fixed contribution schedule for your account . With simple adjustments you can tailor the amount and frequency of contributions according to what works best for you, your income, and your budget.
* There are no dividend penalties on the Coverdell ESA Savings Account
APR= Annual Percentage Rate. APY = Annual Percentage Yield. The APY is based on an assumption that dividends will remain on deposit until maturity. Rates are reviewed weekly and are subject to change without notice. APY assumes dividends will remain on deposit until maturity. Dividends are calculated by the average daily balance method. Membership eligibility required. Specials are subject to change without notice and restrictions may apply. Fees may reduce earnings on account.
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