Coverdell Education Savings Account

An ideal way to save for a child, grandchild or any young person you know, for higher education expenses down the road.

Harbor Pointe Credit Union offers a Coverdell Education Savings Account which is a savings plan used to pay for qualified higher education expenses of the beneficiary. Parents or grandparents can start this savings plan at any time. Annual contributions are limited to $2,000 per beneficiary under age 18. Contributions are not tax-deductible and earnings on the contributions will be tax-deferred until distribution.