Coverdell Education Savings Account

This non-deductible account features tax-free withdrawals for a very specific purpose: education expenses. While qualified higher education distributions from a traditional or Roth IRA are penalty free, the same distributions from a Coverdell Education Savings Accounts are penalty free and tax-free.

Please discuss the details of a Coverdell Education Savings Account with one of our Personal Bankers to determine if it’s right for you.

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