Issued by
Kearny Federal Savings Bank
Coverdell Education Savings Account (ESA) from Kearny Federal Savings Bank
Coverdell Education Savings Account earlier known as Educational IRA allows an individual to save for children’s and grandchildren’s higher education. Deposits up to $2,000 per year for each child up to the age of 18 are allowed. Though the contributions are not tax-deductable, the earnings are tax-deferred.
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