Education Savings Account
Looking for a tax-free way to save for education? A Coverdell Education Savings Account (ESA) at HSBC Securities may be your answer. If you qualify, you can make after-tax contributions of $2,000 a year for each of your children until they reach the age of 18. Your contributions and earnings are tax-free when withdrawn to pay for qualified education expenses.
You can use your funds to pay for tuition, fees, books, supplies and equipment at an eligible educational institution, including elementary, secondary or post-secondary schools. Almost anyone can contribute to a ESA, even if they're not family members. You can even change the beneficiary on the account if the designated child does not use any or all of the funds.
An HSBC Securities Financial Advisor will meet with you to tell you more about ESAs and discuss other ways to plan for your child's education. You'll have access to a world of financial experience and resources right where you bank. Simply call 1-800-662-3343 or visit your local HSBC branch to arrange an appointment.
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NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES
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NOT FDIC-INSURED
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NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES
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MAY LOSE VALUE
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Securities and annuities are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. |
HSBC Securities (USA) Inc. or any other member of the HSBC Group may from time to time underwrite, perform or seek to perform investment banking services for issuers or make a market or otherwise buy or sell as principal securities or other instruments, or together with the issuers directors, officers and employees may have either a long or short position in securities, commodities, currencies or other instruments or futures or options contracts convertible into securities or other instruments. |
This information is not an offer to sell or a solicitation of an offer to buy any security, nor shall any such security be offered or sold to any person, in any jurisdiction in which such offer, solicitation, purchase or sale may not lawfully be made. |
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