Save for your child’s future with a Coverdell Education Savings Account. This account offers the potential for tax-free interest earnings when used for qualified educational expenses, giving you a smart way to plan for your child's academic future.
Contribution Eligibility and Amount:
- Flexible Contributions: There’s no requirement to have earned income to contribute to a Coverdell ESA. However, contribution limits may apply based on your income level.
- Not Tax-Deductible: Contributions aren’t tax-deductible, but the tax-deferral benefits make this account a valuable tool for education savings. Check with your tax advisor for personalized advice.
Allowable Contribution Amount:
- For Single Filers:
- Less than $95,000: Full $2,000 contribution allowed
- $95,000 to $110,000: Partial contribution allowed
- Over $110,000: No contribution allowed
- For Married, Joint Filers:
- Less than $190,000: Full $2,000 contribution allowed
- $190,000 to $220,000: Partial contribution allowed
- Over $220,000: No contribution allowed
Start planning for your child’s educational success. Open a Coverdell ESA at a Capitol Federal branch today!
Blue Bucks® Kids’ Savings Account
A Blue Bucks® Kids’ Savings account is a great way to teach the kids in your life the importance of saving.
- Low initial investment of $25
- Easy online transfers between CapFed® parent and child accounts
- Blue Bucks Kids’ Club newsletters and activities
- VIP Parking at most of our locations
Capitol Federal® Presents 2024 Henry A. Bubb Distinguished Service Award
TOPEKA, KS – Capitol Federal® Chief Executive Officer John B. Dicus announced that Director of Loan Service Jenny Morgison is the 2024 recipient of the Henry A. Bubb Distinguished Service Award, the Bank’s highest employee recognition. This award, named in honor of Capitol Federal’s longtime Chairman, is presented annually to an employee or officer who demonstrates the leadership qualities of the late Mr. Bubb.
Read more
Send Money Safely with True Blue Online®
Send safely. Make sure your money is in the right place and being sent to the right people before hitting send.
Read more
Understanding Foreign Currency: A Beginner's Guide
Learn the importance of foreign currency and how Capitol Federal® can help you get the currency you need.
Read more