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
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.
Visit a branch to open your Coverdell Education Savings Account
Coverdell ESA Rates
Effective Date: Wednesday, June 18th, 2025
| Name | Annual Percentage Yield (APY) | Dividend Rate | Minimum to Earn Dividends |
|---|---|---|---|
| Coverdell ESA | 0.50% | 0.50% | $1 |
Traditional, Roth & Coverdell Certificates Rates
Effective Date: Wednesday, June 18th, 2025
Subject to change. Dividends are calculated daily and credited monthly.
| Traditional, Roth & Coverdell Certificates | Annual Percentage Yield (APY) | Dividend Rate (Premier & Access Premier) | Annual Percentage Yield (APY) | Dividend Rate (Student, Basic, Access & Classic) | Minimum Balance |
|---|---|---|---|
| 12-Month IRA/ESA Certificate | 4.50% | 4.41% | 4.25% | 4.17% | $500 |
| 18-Month IRA/ESA Certificate | 3.50% | 3.44% | 3.25% | 3.20% | $500 |
| 24-Month IRA/ESA Certificate | 3.50% | 3.44% | 3.25% | 3.20% | $500 |
| 30-Month IRA/ESA Certificate | 3.25% | 3.20% | 3.00% | 3.20% | $500 |
| 36-Month IRA/ESA Certificate | 3.00% | 2.96% | 2.75% | 2.72% | $500 |
| 48-Month IRA/ESA Certificate | 3.00% | 2.96% | 2.75% | 2.72% | $500 |
| 60-Month IRA/ESA Certificate | 3.00% | 2.96% | 2.75% | 2.72% | $500 |
