SAFE Credit Union on Facebook SAFE Credit Union on Twitter SAFE Credit Union on LinkedIn
Home Page »
Online Banking
Savings > Coverdell Education Savings Account

Coverdell Education Savings Account

College costs are rising fast. To prepare your family financially for higher education investments, it’s prudent to take advantage of a variety of savings programs as soon as possible. A Coverdell Education Savings Account (CESA) is a smart addition to your savings plan.

CESAs are federally-sponsored education vehicles to set aside savings for children age 18 and younger or for beneficiaries with special needs. Although CESA contributions are not tax-deductible, earnings can be withdrawn tax-free if assets are used for qualified educational expenses.1 Up to $2000 per child per year may be contributed to a CESA.

Advantages of CESAs include:

  • The potential for tax-free earnings1
  • Flexibility in investment options
  • Use of assets for elementary, secondary, or higher education expenses
  • Liberal rules for children with special needs

SAFE currently offers the following CESA options:

To open a Coverdell Education Savings Account, visit any SAFE branch, use online Live Help, or contact SAFE’s Call Center at (916) 979-7233 or (800) SEE-SAFE.

1 Consult your tax advisor regarding potential tax benefits.


Protecting your privacy is our top priority. Refer to our Privacy Policy and Online Privacy Statement for more information.
Terms of Use
Federally insured by NCUA
NMLS# 466072

© SAFE Credit Union. All Rights Reserved.

Equal Housing Opportunity