Education Savings Accounts (ESA)
Looking for a way to save for future education expenses AND get tax benefits at the same time?
Consider a Coverdell Education Savings Account (ESA). Learn more.
Contact a Member Advisor to get started.
Education Savings Account (ESA) Share Rates
Current as of 6/1/2019| Balance | APY* | Dividend Rate |
|---|---|---|
| $250 minimum to open | 0.25% | 0.250% |
*APY = Annual Percentage Yield; Dividends are paid quarterly. All rates quoted are subject to Credit Union earnings and are subject to change without notice. To receive the APY quoted, dividends must remain on deposit for at least a year. A withdrawal prior to one year will reduce earnings. Dividends will be forfeited for any account closed before accrued dividends are credited. Earnings may also be reduced by fees associated with some accounts. |
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Education Savings Account (ESA) Certificate Rates
Current as of 6/1/2019| Min. Opening Deposit | Term | APY* | Dividend Rate |
|---|---|---|---|
| $1,000 | 1 year | 0.40% | 0.399% |
| 2 years | 0.85% | 0.847% | |
| 3 years | 1.10% | 1.096% | |
| 5 years | 1.50% | 1.492% | |
| $10,000 | 1 year | 0.50% | 0.499% |
| 2 years | 1.00% | 0.996% | |
| 3 years | 1.25% | 1.244% | |
| 5 years | 1.90% | 1.887% | |
*APY = Annual Percentage Yield; Dividends are paid quarterly. To receive the APY quoted, dividends must remain on deposit for at least a year. A withdrawal prior to one year will reduce earnings. Dividends will be forfeited for any share account closed before accrued dividends are credited or for any certificate closed before maturity. Earnings may also be reduced by fees associated with some accounts. |
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