Start saving today for a better education for your child, grandchild, or other beneficiary. Anyone can open a Coverdell Education Savings Account (CESA) for a designated beneficiary under the age of 18. While there is no tax deduction for contributions to CESA, earnings grow tax free*.
For more information or to open a CESA, visit a Gate City Bank location today.
*Consult with a tax professional to understand what impact CESA may have on your tax situation.