Help finance a child's education by establishing an Education Savings Account. Anyone who meets the income requirements can open and contribute to a child's ESA. This includes grandparents, aunts and uncles, family friends, and anyone else who wants to pitch in. Earnings on ESAs are tax-deferred and distributions are tax-free if the money is used to pay qualified education expenses.

No setup fee No annual fee No ongoing maintenance fees No closing fee

ESAs are insured up to $250,000 ESA Savings Accounts with high earnings ESA Certificates with guaranteed earnings for the term

• Frequently Asked Questions about ESAs
• Printable Brochure: Coverdell Education Savings Account [PDF]
• RealityCheck article: Financing Higher Education