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Coverdell Education Savings

Start saving early for college

Coverdell Education Savings

Paying for Education

With the cost of education rising each year, it’s increasingly important to start saving early. It is not uncommon for parents to begin a college savings account for a new addition to the family, but what about other education expenses?

We are proud to offer Coverdell Education Savings Accounts (ESA) to help you save for a variety of circumstances. Anyone can contribute to a child’s Coverdell ESA, and withdrawals are tax- and penalty-free when used to pay for qualified elementary, secondary, or higher education expenses.

3 APY = Annual Percentage Yield. Dividends compounded and credited quarterly.

Product Min. Deposit to Open Min. Balance to Earn APY* APY* / Dividend Rate
Education Savings $100 $0 0.10% / 0.10%