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Save For A Child's Educational Expenses

Quick Rates

Checking
NameTerm
Premier Rate 5.00% APY*
Choice Plus 0.100% APY*
Money Market 0.100% APY*
CDs 0.50% APY*

ALL RATES  APPLY NOW

*APY = Annual Percentage Yield

Quick Rates

Checking
NameTerm
Premier Rate 5.00% APY*
Choice Plus 0.100% APY*
Money Market 0.100% APY*
CDs 0.50% APY*

ALL RATES  APPLY NOW

*APY = Annual Percentage Yield

Home > Personal > Grow Money > Coverdell Education IRAs | Minnesota

Coverdell Education IRAs

Open a Coverdell Education Savings Account (CESA) to finance a child's elementary, secondary, technical, college, or post-graduate educational expenses. This account (formerly known as an Education IRA) is a long-term savings; earnings accumulate tax-free and all distributions are tax-free when used for qualified educational expenses. Unused balances can even be passed on to benefit another family member.

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