Coverdell Education Savings Accounts | Atlantic Federal Credit Union
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Coverdell Education Savings Accounts (CESA)

A Coverdell Education Savings Account (CESA) provides tax-free earnings when the funds are used for your child's qualified education expenses.

There are no age or compensation requirements to open and contribute to a CESA; you do not even need to be related to the child you are contributing for. The interest is 100% tax free and withdrawals can be made at any time when used for qualified education expenses.*

Please call the Credit Union for an application and more information. 

Summary

  • Tax-advantaged way to save for your child's education
  • Withdrawals tax free when used for qualified education expenses*
  • Contribute up to $2,000 per student per year
  • No annual fee
  • NCUA insured

*Includes tuition and fees, books, supplies, board, etc.

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