Are you ready to start planning for your child’s future? There is no time like the present! And the perfect way to start is with a Coverdell Education Savings Account (ESA) from Angelina Federal Employees CU.
The ESA allows after-tax contributions of $2K per year for each child until they reach 18 years of age. Contributions and earnings are tax free when withdrawn to pay for qualified education expenses which include tuition, fees, books, supplies and equipment.
Angelina Federal Employees CU offers a Coverdell Education Savings Account that pays competitive market rates. No minimum amount is required to set up an ESA.
* The Credit Union provides no legal advice to members, and provides the foregoing information from a reliable resource to give our members a basic understanding of these services. You should consult with your tax or legal advisor regarding any particular and the current status of applicable federal and state laws.