Ease your child's transition into college — and help them avoid debt — by setting up a Coverdell Education Savings Account.

Key Features

  • Competitive Dividends
  • Tax Advantages1
  • No Setup or Maintenance Fees
  • Pay for qualified education expenses such as tuition, fees, books and more1
  • Set aside funds for a child's education1
  • Dividends grow tax-deferred
  • Withdrawals are tax-free when used for qualified education expenses1
  • Child must be under 18 when contributions are made
  • Must be eligible to contribute to an ESA, and contribution limits apply1
  • Contributions are not tax deductible
  • Unused ESA funds may be eligible to be transferred to another member of the family1
  • No opening, maintenance or annual fee2
  • $100 minimum deposit to open3

Additional Information

Coverdell Education Savings

1. Consult a tax advisor. 

2. A $5 statement by mail fee applies to accounts without e-statements. E-statement enrollment is required. Fee is waived for members with Premier Choice Checking, members under age 18 or over age 60, and for accounts that have a monthly direct deposit of $100 or more. 

3. Must meet Membership and eligibility requirements to open account. 

We’re always here for you. Here are a few quick links that can make your life easier.