Mom and toddler playing in living room.

Coverdell Education Savings

You might be raising the next President

Your child is amazing - so just think what they could accomplish with the benefits of a top-notch education. We can help you put more opportunities within reach.

Your Vision + Their Future

A quality education is one of the greatest gifts you can give your child. Start saving for your child’s education today with a Coverdell Education Savings Account. Contribute up to $2,000 per child per year and enjoy tax-free withdrawals on qualified education expenses for grades K-12 and college.

Funding future astronauts and artists

Education expenses can add up quickly, but they’re one of the most important things you can spend your money on. As a financial institution that was born to support educators, we know that great learning opportunities are essential to lifelong success. Our Coverdell Education Savings account grows with your child while giving you the flexibility to fund education expenses along the way.

  • Tax-free and penalty-free withdrawals for qualified education expenses*
  • $2,000 maximum yearly contribution per account
  • Can be used for elementary and secondary education
  • Save for an array of qualified expenses, including books, tuition, computers and more

Why Addition Financial?

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24/7 Convenience

Manage your account completely online.

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Easy to Find

Convenient locations + shared branches nationwide.

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Earn More + Pay Less

Competitive rates on deposits, loans and credit cards.

Additional Features and Benefits

  • Refunded ATM Withdrawal Fees
  • P2P transfers through Bill Pay
  • SaveTopia Discount Program
  • Shared Branch Network
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Start saving for your child’s education

With tax-free withdrawals on qualified expenses, the Coverdell Education Savings Account is a safe and flexible way to begin saving for your child’s education costs.
  1. 1
    Review eligibility

    Anyone who lives, works, worships, volunteers or attends school in 22 select counties may join. View our "Become a Member" page for full eligibility.

  2. 2
    Complete account application

    When you’re ready, complete the online application or visit your branch to apply in person.

  3. 3
    Start saving

    Use our online calculators to find out the right amount of money to start with.

 

Get your learn on

Think of us as your personal financial guru, partner and coach for wherever life’s journey takes you. To help you live your best life, we offer money management tools, financial literacy seminars and expert advice that’s easy to understand. Start making every moment (and every penny) count.

*Consult a tax advisor for tax related information.