Education Savings Account

Savings at a higher degree for students of all ages

Education costs continue to rise at every level, but that reality shouldn't keep your young scholars from chasing their dreams. Open a Coverdell ESA with Ameris Bank and start saving money for qualified education expenses for elementary and secondary schools or college. As you're saving money for your child's educational future, you can also take advantage of potential tax benefits.

• Open and make contributions on behalf of a child 18 or younger or a person of any age with special needs for qualified education expenses
• All contributions to a Coverdell ESA must be made in cash, and the maximum annual contribution limit is $2,000 per beneficiary
• Contributions are subject to limitations and are not tax-deductible, but withdrawals can be made tax-free when needed for qualified education expenses; early withdrawal penalties may apply¹
• Annual income may impact eligibility; consult your tax advisor