Education Savings

Bright futures aheadLooking for a smart and easy way to prepare for a child's future education expenses? Look no further!

A Coverdell Education Savings Account (ESA) allows you to invest up to $2,000 per year until the child reaches age 18. Want more good news? An ESA provides the potential for tax-free earnings, as long as they are used for education expenses before the child is 30. Aunt Gertrude wants to contribute to the ESA? She can! Anyone who meets adjusted gross income requirements can contribute. At CFCU we believe your child's education is one of the smartest investments you can make.

With an Education Savings Account at CFCU, it is easy to start investing in your child's future! Stop in today or give us a call to open your account!

Rates

Coverdell ESA Savings Rates

  •  Rates as of 12/1/17
Average Daily Balance Annual Percentage Yield (APY)1 Alert Me
Minimum $100 to earn APY 0.15%
The APY is a variable rate and may change after the account is opened. Fees may reduce earnings.
  • 1Compounded Monthly

FAQs

This page does not collect information about or from children. Education Savings Accounts can only be opened by members age 18 or older.