Education Savings Accounts
Move to the head of the class by saving today. An Education Savings account (ESA) helps you cover costs for every level of school.
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Get ahead of education costs in PA and NY with an Education Savings Account
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Flexible education savingsUse the account for K-12 education or college expenses.
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Tax advantagesEarn some tax breaks while saving for education costs.
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Double your effortsSave in an ESA along with a state-sponsored 529 plan.*
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One for eachOpen an ESA for each child or grandchild in your family.
Saving for school starts here
C&N supports the educational goals of our customers and their family members. With the rising costs of education, we'll set you on the right path with our Educational Savings account.
- Contribute up to $2,000 annually for each child
- Tax-free earnings
- Set up automatic deposits from your Checking or Savings account
- No opening minimum balance required
What expenses qualify for an ESA?
Your education savings account can help with all kinds of expenses from elementary school to college. For K-12 expenses you can cover tuition, uniforms, books, and more. Want to use your savings for college? You can easily cover tuition as well as room and board. The best part of an ESA? You can use these funds to cover school related supplies and activities such as laptops, tutoring, and supplies.
*529 plans are not insured by the federal government, not guaranteed by the bank and may lose value.
