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Additional Info

We believe a savings account is only as good as its service and access options. That’s why we’re happy to offer:

  • $25 balance required to earn dividends
  • Income limits: up to $110,000 for single or up to $220,000 (combined) for married
  • Restriction: contributions not allowed after the beneficiary reaches age 18; contributions are not deducted from taxable income; Coverdell ESA funds must be withdrawn when beneficiary reaches age 30
  • Qualified education expense: tuition, fees, books, computer equipment and technology required for elementary, secondary and post-secondary education
  • Additional qualified expenses can be found at the IRS website
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