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Invest in their future with an Education Savings Account (ESA).
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A Coverdell Education Savings Account (ESA) allows you to make nondeductible contributions on behalf of a child each year until the child reaches age 18. The earnings generated on the ESA contributions remain tax-deferred while held in the ESA. Then when a child uses ESA assets to pay for qualified education expenses, the contributions and the earnings are distributed tax-free.
1Excess transaction fee (more than three debits per quarter) $25.00 per debit
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