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Coverdell Education Savings Account

Get a head start on your child’s education with a Coverdell Education Savings Account.

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Planting the seeds for your child’s future.

A little planning can go a long way toward saving for education. The Coverdell Education Savings Account is one option. While contributions are nondeductible, your beneficiary enjoys the advantages of tax-free earnings and withdrawals for qualified educational expenses.

Another way to save for education.

Similar to how an IRA helps you save dedicated funds for retirement, a Coverdell Education Savings Account (CESA) helps you save for specific expenses in a child’s elementary, secondary or higher education. You can add up to $2,000 to a child’s account annually. Eligible expenses typically include tuition, books and supplies, equipment, and room and board.*

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*For additional information, call our Account Services - IRA Department at 1 (800) 692-2274, or in the Minneapolis/St. Paul metro area, call (952) 997-8165.

Coverdell Education Savings Contribution Amount


Maximum Yearly Contribution

Coverdell Education Savings Account


Learn More about a Coverdell Education Savings Account