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Coverdell Education Savings

Coverdell Education Savings

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graduation ceremony
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students taking a selfie

Saving 101

Getting a degree can be expensive. A Coverdell ESA allows you to earn high dividends on the money you set aside specifically for higher education. You'll be surprised by how fast your kids grow up, don't be surprised by the costs of books and tuition.

OPEN AT A BRANCH TODAY

Saving 101

OPEN AT A BRANCH TODAY
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students taking a selfie

Getting a degree can be expensive. A Coverdell ESA allows you to earn high dividends on the money you set aside specifically for higher education. You'll be surprised by how fast your kids grow up, don't be surprised by the costs of books and tuition.

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a woman writing something down

A Tax Advantaged Way to save for a Child's Education.

  • Deposit up to $2,000 per year for each child under 18.
  • Withdraw money without an IRS penalty as long as it is used for higher education.
  • Qualified withdrawals are tax-free since deposits are made after taxes.
  • Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).
  • Coverdell Education Savings Account Accumulator have no minimum deposits.
  • Coverdell Education Savings Dedicated Savings accounts have no minimum deposit and an automatic monthly deposit of as little as $10 per month.
  • Open a Coverdell Education Savings Certificate Account with a low $500 minimum deposit.
LEARN MORE ABOUT CESAs

A Tax Advantaged Way to save for a Child's Education.

LEARN MORE ABOUT CESAs
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a woman writing something down
  • Deposit up to $2,000 per year for each child under 18.
  • Withdraw money without an IRS penalty as long as it is used for higher education.
  • Qualified withdrawals are tax-free since deposits are made after taxes.
  • Money must be withdrawn by the time the child reaches age 30 (late withdrawal penalty may apply).
  • Coverdell Education Savings Account Accumulator have no minimum deposits.
  • Coverdell Education Savings Dedicated Savings accounts have no minimum deposit and an automatic monthly deposit of as little as $10 per month.
  • Open a Coverdell Education Savings Certificate Account with a low $500 minimum deposit.
OUR PRODUCTS
APY
1.50%
DIVIDEND RATE
1.49%
MIN. OPENING BALANCE
$0.00
MIN. EARNING BALANCE
$0.00

APY = Annual Percentage Yield. Early-withdrawal penalties may apply. Dividends are credited monthly. Dedicated Savings allow additional deposits of up to $10,000 each calendar month. Each member is limited to $100,000 in any one or combination of Dedicated Savings accounts. Rates and terms are accurate as of Wednesday, March 12, 2025 and are subject to change.

PRODUCT APY DIVIDEND RATE MIN. OPENING BALANCE MIN. EARNING BALANCE
IRA/CESA Accumulator 1.50% 1.49% $0.00 $0.00
APY = Annual Percentage Yield. Early-withdrawal penalties may apply. Dividends are credited monthly. Dedicated Savings allow additional deposits of up to $10,000 each calendar month. Each member is limited to $100,000 in any one or combination of Dedicated Savings accounts. Rates and terms are accurate as of Wednesday, March 12, 2025 and are subject to change.
OUR PRODUCTS
APY
4.35%
DIVIDEND RATE
4.27%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.35%
DIVIDEND RATE
4.27%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.35%
DIVIDEND RATE
4.27%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.10%
DIVIDEND RATE
4.03%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.10%
DIVIDEND RATE
4.03%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.10%
DIVIDEND RATE
4.03%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.15%
DIVIDEND RATE
4.07%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.20%
DIVIDEND RATE
4.12%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00
APY
4.20%
DIVIDEND RATE
4.12%
MIN. OPENING BALANCE
$500.00
MIN. EARNING BALANCE
$500.00

APY = Annual Percentage Yield. Early-withdrawal penalties may apply. Dividends are credited monthly. Maintenance or activity fees could reduce the earnings on the account. No minimum balance is required for Dedicated Savings. Flexible Certificates and Dedicated Savings allow additional deposits of up to $10,000 each calendar month. Each member is limited to $100,000 in any one or combination of Flexible Certificate accounts, and $100,000 in any one or combination of Dedicated Savings accounts. Rates and terms are accurate as of Wednesday, March 12, 2025 and are subject to change.

TERM APY DIVIDEND RATE MIN. OPENING BALANCE MIN. EARNING BALANCE
3-5 Months 4.35% 4.27% $500.00 $500.00
6-11 Months 4.35% 4.27% $500.00 $500.00
12-17 Months 4.35% 4.27% $500.00 $500.00
18-23 Months 4.10% 4.03% $500.00 $500.00
24-29 Months 4.10% 4.03% $500.00 $500.00
30-35 Months 4.10% 4.03% $500.00 $500.00
36-47 Months 4.15% 4.07% $500.00 $500.00
48-59 Months 4.20% 4.12% $500.00 $500.00
60 Months 4.20% 4.12% $500.00 $500.00
APY = Annual Percentage Yield. Early-withdrawal penalties may apply. Dividends are credited monthly. Maintenance or activity fees could reduce the earnings on the account. No minimum balance is required for Dedicated Savings. Flexible Certificates and Dedicated Savings allow additional deposits of up to $10,000 each calendar month. Each member is limited to $100,000 in any one or combination of Flexible Certificate accounts, and $100,000 in any one or combination of Dedicated Savings accounts. Rates and terms are accurate as of Wednesday, March 12, 2025 and are subject to change.
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A Valuable Investment

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Investing in education is important for your family's long-term financial health. We have a vehicle to assist.

 

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