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America's First FCU
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America's First FCU
Mobile Banking App

Free - On the App Store

Education Savings Account

Coverdell Education Savings Account (CESA)

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Help Them Pay for College

Invest in the education of your child or family member. A Coverdell Education Savings Account (CESA) is a tax-advantaged account that can be set up for someone under 18 to help them pay for education-related expenses. While contributions are not tax deductible, the earnings are tax free if used for qualified expenses before the child reaches age 30.

  • Help someone under 18 save for education
  • Earnings are tax free (if used for qualifying purposes)
  • Annual contribution limits

Invest in their education. A CESA can be a great way to save for education expenses. Talk to us about setting up an account for your child today.

Education Savings Disclosures
*All AmFirst share accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA) and are additionally insured up to $250,000 by Excess Share Insurance (ESI).

Learn all about Your Insured Funds through NCUA.