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Coverdell Education Savings Account

Start saving now for a child's education with a DCFCU Coverdell Education Savings Account (ESA).

  • Dividends paid quarterly.
  • Deposit up to $2000 per year for each child under 18.
  • Withdraw money without penalty as long as it is used for education (K-12, College, Technical School).
  • Qualified withdrawals are tax-free since deposits are made after taxes.
  • Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).

Check with our Member Service Representatives for further information about a Coverdell Education Savings Account.

 
 
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