The Coverdell Education IRA (EIRA) is a great way to set aside funds for qualified post-secondary education expenses of a designated beneficiary. Contributions and earnings from the account are tax free when withdrawn to pay for qualified education expenses that include tuition, fees, books, equipment and supplies.
Mutual of Omaha Bank offers several Certificate of Deposit (CD) options for funding Coverdell IRAs, including fixed rate and variable rate accounts.
To find out more about an EIRA now, call: 866.351.5646
or open an account at a community bank near you.
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