Skip to main content

Knowledge Base Article

Explanation of a Traditional or Roth IRA & Coverdell Education Savings Account

What is a Traditional or Roth IRA & Coverdell Education Savings Account?

Traditional and Roth IRAs are accounts that provide tax advantages while helping Americans save for retirement. The Coverdell Education Savings Account is created for the purpose of paying qualified education expenses of the designated beneficiary (a child) of the account. IRA and Coverdell ESAs opened at Delta Community CU are insured, dividend paying accounts. Visit our IRA Service Center for more information on IRAs and Coverdell ESAs.