At Clackamas, we offer ways to help children and youth to prepare for college.1 If you’re saving for your child’s education the tools below may help you accomplish your goals.
A Coverdell Savings Account lets you set money aside tax-free.2 As long as you use these savings for a child’s educational expenses, you can withdraw them tax-free, too. Unlike 529 savings plans, Coverdell Savings Accounts can be used on a variety of expenses, not limited to tuition, for most public, private, and parochial schools, from elementary school through college. To apply for a Coverdell Account, call (503) 656-0671 or stop by a branch.
Get the mobile app that puts your accounts in your pocket.
Manage your money wherever you go. Check your balances, make deposits, transfer funds, and more — all from your mobile device.