Start saving for a child’s future with an Education Savings Account.
An individual retirement account offered specifically to help pay for your child's educational expenses, such as: tuition, fees, books, supplies, equipment, and in some cases, room and board, and computers. The Educational IRA is not tax-deductible; however, it offers the potential for tax-free withdrawals including earnings. This was formerly called an Education IRA.
- Save up to $2,000 a year
- Use the funds for private elementary and secondary school tuition as well as higher education.
- Students can use money any time before age 30