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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.

Easy Deposits

Save more with automatic payroll deposits or account transfers.

Tax-Free Withdrawals

No penalty tax and federal income tax free for a qualified expense.

No Monthly Fees

Avoid monthly or service fees as an active member.

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

Account

Maximum Yearly Contribution

Coverdell Education Savings Account

$2,000
Learn More about a Coverdell Education Savings Account
CESA Brochure

Helping you reach your goals.

Get details and guidance about savings, checking, loans and more. We’ll help you take the next step forward, together.

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Jr. JetSavers

Wings is more than just a place to put your money. We are committed to helping members succeed financially from day one with our Jr. JetSavers education and rewards program designed for ages birth to 12 years old.

Get the Details

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SOAR

Wings is driven to help members succeed. For members ages 16-22, we offer SOAR, free classes about checking, identity theft, credit and budgeting that are designed to help them learn how to make smart financial choices.

Start Learning

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Custodial Accounts

A Custodial Share Savings Account provides a foundation for a lifetime of good financial habits. From those first deposits toward college, to weekly allowances, to an official paycheck, these accounts help our younger members start saving.

Open an Account

Open a Coverdell Education Savings account at: