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Coverdell Education Account

Plan ahead to help provide an enriching education.


  • Flexibility
    Flexibility

    Use for qualified elementary and secondary education expenses.

  • Tax Advantages
    Tax Advantages

    Earnings grow tax-deferred and distributions are tax-free.

  • Inclusiveness
    Inclusiveness

    Contributions can be made by multiple people, including friends and family.

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Address the Growing Cost of Education

Help Your Child Succeed.

It's no surprise that a good education costs money, plenty of it. Our Coverdell Education Account is a smart way to start saving for those expenses, and you can start as early as you'd like. This can be the ideal education savings account for families in Grand Rapids, Lansing and other parts of Michigan because it's not just for college - you can use the savings for elementary school costs, too.

Please consult with your tax advisor to get full details about the tax advantages.

  • Can be used to pay for qualified elementary and secondary education expenses.
  • Earnings grow on a tax deferred basis and distributions are tax free.
  • Contributions can be made by multiple people, such as friends and family.