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COVERDELL EDUCATIONAL SAVINGS

Coverdell Education Savings Accounts for educational expenses

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

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Why choose a Coverdell ESA for
educational costs?

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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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Save for healthcare expenses with PerfectHealth Savings, a health savings account that complements your high deductible health plan.
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Roth IRA

Save for your retirement years with tax-free growth on your deposits. You'll enjoy tax-free withdrawals down the road.

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.