Save for your child’s education expenses with a Coverdell Education Savings Account.
- $1 minimum opening deposit into a savings account
- $500 minimum opening deposit into a certificate of deposit
Distributions are tax-free as long as they are used for qualified education expenses before the owner reaches the age of 30. See current IRS guidelines for penalties.
Contributions are not tax deductible.
Contact us today to open your Coverdell Education Savings Account
Coverdell ESA
Effective Date: Wednesday, June 7th, 2023
| Name | APY* | Dividend Rate | Minimum to Earn Interest |
|---|---|---|---|
| Coverdell ESA | 0.50% | 0.50% | $1 |