Looking for options to save for your child's educational expenses? This account, formerly known as an Education IRA, is one to consider in either a Savings or Certificate options. Contributions are not tax-deductible, but your withdrawals (including earnings) are tax-free if used for tuition, books and other qualified educational expenses.
Your tax advisor can guide you on whether a Coverdell ESA is your best option. Of course, Credit Union staff are always here to answer your questions and assist in opening your accounts.