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Educational Savings

Educational Savings

As parents, you want the best for your children, and often that means being able or prepared to help pay for college. With tuition costs and student loan debt growing to unprecedented levels, saving ahead of time can be a life changing activity for you and your children!

Count on the experienced financial advisers at Interra Investments, located at Interra Credit Union, to help you get started. Consider a variety of options available to help, many offering tax advantages:

529 College Savings Plan

  • Indiana residents only
  • Tax-free earnings
  • 20% state tax credit, up to $1,000

Coverdell Educational Savings Account

  • Works much like a Roth IRA
  • Designed specifically for your child's secondary, undergraduate, and graduate education expenses
  • Two tax advantages: tax-free earnings and tax-free distributions

Starting as early as possible is key! Get started today by contacting Interra to learn about these and other education saving options.

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Equal Housing Lender ASI

Your savings insured to $250,000 per account.  By members' choice this institution is not federally insured.