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Coverdell Education Savings Accounts (ESAs)
Coverdell Education Savings Accounts (ESAs) are tax-advantaged accounts designed to help families save for education expenses.
Coverdell Education Savings Accounts (ESAs) offered by Capital Bank are a great way to save for education expenses. These tax-advantaged accounts allow for contributions of up to $2,000 per year per beneficiary. With ESAs, the earnings grow tax-free and can be used to cover qualified education expenses such as tuition, books, and supplies. ESAs can be opened for children under the age of 18 and funds can be withdrawn without penalty when used for eligible educational purposes. Start saving today with a Coverdell ESA at Capital Bank!