Financial confidence comes from being prepared.
Transitioning into the college lifestyle shouldn’t be stressful. When you establish a Coverdell Education Savings Account (ESA), you’ll reap the benefits of a tax-free account that will grow competitive dividends.
Benefits of Bellco for Your Future Student:
No setup or annual fee, and no minimum deposit to open
Dividends grow tax-free and withdrawals are tax-free and penalty-free when used for qualified education expenses*
Transfer your ESA to another family member without worry
*Qualified expenses include tuition and fees, books, supplies, board, etc.
Invest in YOU!
As Benjamin Franklin would say, “An investment in knowledge pays the best interest.” We’d have to agree, that’s why we’re always in your corner helping you achieve your educational goals.
Our member service representatives are ready to help you open your account today!
Important to Know:
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1
Beneficiaries
Designated beneficiary must be under 18 when contributions are made.
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2
Contributions
To contribute to an ESA, certain income limits apply. Contributions are not tax-deductible. Annual contribution limits per child.
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3
Withdrawals
The money must be withdrawn by the time he/she turns 30.