There's nothing more full of potential than the wide eyes of a child. Invest in that potential and start saving for your child's secondary education with this tax-advantaged account.1

Make contributions and earn interest until the beneficiary turns 18. When it's time to start paying for college expenses, the money is there for them. It's a smart way to pay for future educational costs.

Details
  • Set aside funds for your child's education
  • No setup or annual fee
  • Interest grows tax-free
  • Withdrawals are tax-free and penalty-free when used for qualified education expenses1
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to a CESA, certain income limits apply2
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • The CESA may be transferred without penalty to another member of the family
  • FDIC insured
  • $1,000 minimum deposit to open

1Qualified expenses include tuition and fees, books, supplies, board, etc. Consult a tax advisor.

2Consult your tax advisor to determine your contribution limit.