Coverdell ESA

Give them a head start

Invest in their Education······

A savings account that is set up to pay the qualified education expenses of a designated beneficiary under 18.

Choose between a
Share or Certificate

Saving for education looks different for every family. Whether you prefer flexible access with a Coverdell ESA Share or predictable growth with a Coverdell ESA Certificate, we offer options to match your goals.¹

Open a Coverdell ESA Share with just $25, no fixed term, deposits up to $2,000 per calendar year, no credit union withdrawal penalties, and no maintenance fees (IRS penalties may apply).¹

Certificate (CD)

Open a Coverdell ESA Certificate with $500 at a fixed term, featuring automatic renewal at maturity, tax-deferred deposits up to $2,000 per year, no maintenance fees, and early withdrawal penalties may apply (including IRS penalties). ¹

Certificate Rates¹

Term

Dividend Rate

APY

12 Months

1.73%

1.75%

18 months

1.98%

2.00%

24 months

2.23%

2.25%

36 months

2.47%

2.50%

48 months

2.72%

2.75%

60 months

2.96%

3.00%

Disclosures