Bank deposit products are offered by First Citizens Bank, Member FDIC, Equal Housing Lender. Account openings are subject to Bank approval.
1. Applies to Coverdell Education Savings accounts opened within 60 days of enrolling in Your Family First. The Annual Percentage Yield (APY) on a Coverdell Education Savings account is 0.10% as of September 24, 2016 with a term of 12 — 17 months. Minimum opening deposit of $250 required per account to obtain the reward. A minimum balance of $1.00 required to obtain the stated APY. Fees may reduce the earnings of the account. Penalty may be imposed for early withdrawal. Account will be credited within 90 days of opening. Offers are for a limited time and subject to change at any time. Credit is limited to one per child. Consult your tax advisor for any tax implications.
You are able to contribute to a Coverdell Education Savings Account if:
Modified Adjusted Gross Income (MAGI) is below $110,000 for single filers
Modified Adjusted Gross Income is below $220,000 for those filing jointly
Individuals with a MAGI between $95,000 and $110,000 and joint filers with a MAGI between $190,000 and $220,000 may only make partial contributions.
Call us to open an account 1.888.FC DIRECT (1.888.323.4732) Or, visit your local branch