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Coverdell Education Savings Account

A Coverdell Education Savings Account (formerly known as an Education IRA) is a nondeductible account that features tax-free withdrawals for a very specific purpose – a child’s education expenses.

  • Save up to $2,000.00 per year per child
  • Monies can be used for any qualified educational expense including elementary, secondary and post-graduate studies
  • Assets can be transferred to another member of the same family without penalty

To determine which IRA best fits your situation; call us at 800-604-9368.

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Champaign Bank is part of the Citizens Banking Company and deposits held at each of its facilities are not separately insured by FDIC.

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