A Coverdell Education Savings Account (ESA) allows you to invest up to $2,000 per year until the child reaches age 18. Want more good news? An ESA provides the potential for tax-free earnings, as long as they are used for education expenses before the child is 30. Aunt Gertrude wants to contribute to the ESA? She can! Anyone who meets adjusted gross income requirements can contribute. At CFCU we believe your child's education is one of the smartest investments you can make.