Coverdell Education Savings Account Made Permanent By Fiscal Cliff Deal

Well, it goes to show that if we wait long enough all of our questions are answered on DepositsOnline.  One of the institutions I check for rates has something called that Coverdell Savings CD and when I contacted their rep about what it was and could anyone buy it I was told it was just the name they called their CDs and it was like regular CDs for anyone to purchase.  At the time their rate was not better than others I had seen so I didn't do business with them.  They really need to train their reps to explain what the Coverdell CD actually is.  We don't get tax breaks for other regular CDs. 

The above post stating it was a "little-known tax break" hit the nail on the head.  So little known even the people who sell the CDs don't seem to understand it.  (At least the one I spoke to).