Skip nav to main content.
×
cover-art

LBS Financial
Mobile Banking App

Free - On the App Store

×
cover-art

LBS Financial
Mobile Banking App

Free - On the App Store

Coverdell ESA

Education is the ultimate investment

Visit a Branch
  • Tax-benefits for investing in education
  • Any beneficiary under 18
  • Contribute up to $2,000 annually

Give Them a Financial Launchpad

With a Coverdell ESA, you’ll get a tax-deduction when you save for the education of someone under 18. Withdrawals are tax-exempt when used for education purposes. Any two- and four-year accredited public and private college and university in the United States qualifies. The account can also be used for tuition at public, private or religious tuition at schools for Kindergarten through 12th grade. Technical school and postgraduate work also apply.

Manageable Contributions

Contribute up to $2,000 a year and get some tax benefits. Income restrictions are $110,000 for a single filing and $220,000 if filing jointly. The account can be established for anyone under age 18, unless they are a beneficiary with special needs.

Get a tax-break for investing in their future.

Visit a Branch

FAQs

This account can be opened at any of our branches. Just stop by and we'll get you set up.