Invest in your child's education.

The cost of an education is rising. Get a jump on inflation and start saving, today. Open a Coverdell Education Savings Account (ESA) and take advantage of a fixed rate of return and tax-free withdrawals. Plus, earnings are compounded monthly and grow tax-free.

Use your Coverdell ESA to cover qualified elementary, secondary, or higher education expenses at most public, private and parochial schools. Your Coverdell ESA pays for your minor’s tuition, housing, books, transportation, computers and other qualifying school expenses.

OPEN AN ACCOUNT

Coverdell ESA Features

    Save Up for Your Child's Education

    Contribute up to $2,000 per child, per year until they turn 18.

    Earn Dividends

    Choose from either a Savings or CD with the same rate as an IRA.

    Tax Benefits

    Earnings and withdrawals are tax-free when used for qualifying educational expenses.58

    Federally Insured

    Insured by the NCUA up to $250,000.

Open your Coverdell ESA with one of the following:

Investment Services

First Service also offers investment options to help you save for your child's education or plan for the future. At First Service Credit Union, our CUSO Financial Services, L.P. (CFS) advisors listen to your goals, assess your risks, and develop a comprehensive plan to help you achieve them.30

Our CFS advisors can help you with investment UTMA and 529 accounts as well as stocks, bonds, mutual funds, annuities, and other options to help reach your goals. Contact a CFS advisor for a complimentary in-branch consultation, today.

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