Fider LLC offers Children Educational Savings Accounts, a specialized service designed to help families save for their children's future education. Our accounts provide a range of benefits, including tax advantages and flexible contribution options, to assist in building a solid foundation for your child's educational journey. With Fider LLC's Children Educational Savings Accounts, you can take proactive steps towards securing your child's academic future while benefiting from expert financial guidance tailored to your family's needs.

Start a College Fund for Your Children or Grandchildren

• Guaranteed 5% Interest Rate for 1 Year, Minimum Guaranteed 2.75%

• Rates Effective as of January 1, 2024

• Minimum Deposit: $100

• Maximum Annual Deposit: $2,000

• Tax-Free Withdrawals for Education Expenses

• Contributions Accepted up to Age 18

• PFSA Scholarship Program (Requires 2 years with PFSA to apply)

Coverdell Education Savings Account Policy Highlights

• Issue Age: 0-18

• Overlap: Contributions allowed to both Coverdell ESA and 529 plan, subject to MAGI guidelines

• Eligibility: Any individual below income limitations (parents, grandparents), with a total contribution limit of $2,000 annually across all accounts

• Taxation: Withdrawals are tax-free for qualified education expenses; otherwise, taxed as ordinary income with a 10% IRS penalty if not used by age 30