Enroll
Home Locations Customer Support
 

Educational IRA

Enjoy tax-free withdrawals for a very specific purpose – funding a child’s education expenses.

Contact Us
This type of IRA allows a parent, legal guardian or even an entity such as a corporation or a tax-exempt organization to make contributions (within certain limits) on behalf of a designated beneficiary such as a child or grandchild that is under the age of 18.
  • Tax-free growth
  • Parent controls account until child reaches age 30
  • Contributions may be made by individuals, corporations or non-profits
  • Available to persons under the age of 18
  • Maximum annual contribution of $2,000 per child
  • Annual contributions are not tax-deductible

What our
customers say

I highly, highly recommend First Citizens. The service is just that GOOD.

– First Citizens National Bank customer