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Coverdell Educational Savings

Save for education expenses the smart way with a flexible, tax-advantaged account.

Plan for education costs with confidence

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Up to $2,000 per child per year

For joint income tax filers with up to $190,000 in modified adjusted gross income.1

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Tax-free growth

Your educational savings account (ESA) contributions grow tax-free.1

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Tax-free withdrawals

No taxes on qualified education expenses1

Set up a bright future for your family

Saving for tuition, books, and other scholarly expenses can be daunting. Tap into the advantages of a Coverdell Educational Savings Account. Set up an account today and reap the benefits of tax-free growth and tax-free withdrawals for qualified expenses.1

 

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  • No annual fee
  • Preferred CD rates when you have $5,000 or more in your combined personal Flagstar accounts2
  • View principal and interest online

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We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.

Interest rates are tiered to a maximum amount.

1Consult your tax advisor for details.

2Excludes promotional rates.