COVERDELL EDUCATIONAL SAVINGS IRA

THE IRA THAT ISN'T REALLY AN IRA.

Current APY* 0.85% - 2.00% [ View Full Rate Sheet ]
The Coverdell Educational Savings Account (ESA), formerly the Education IRA, is not really an IRA at all. It was created as part of the Taxpayer Relief Act of 1997 to help families save for their children's college. Distributions from the IRA are tax-free and penalty-free for qualified higher education expenses. The ESA allows annual aggregate contributions of $2,000 per child.

Coverdell IRA available in Savings and Certificate of Deposit account types
Competitive interest rates
Guaranteed rate of return on Coverdell Educational Savings IRA Certificates
3-month to 5-year terms available on Coverdell Educational Savings IRA Certificates
Available in $1 minimum Coverdell Educational Savings IRA accounts
$500 minimum balance on Coverdell Educational Savings IRA Certificate
Dividends compound daily and paid monthly on Coverdell Educational Savings IRA accounts
Tax-deferred dividends may reduce your taxesϮ

*	APY = ANNUAL PERCENTAGE YIELD. Assumes that dividends are reinvested and that the rate continues for a year.
Ϯ	Contact your tax advisor regarding tax deductability.

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