Education Savings

Save for education costs with a Coverdell Education Savings account.

Click on the brochure below to learn more!

Opens in New Window


Your ESA will earn the same rate as the IRA Accumulation Account (though it is not an IRA). You can increase the earning potential by setting up an ESA Certificate (minimum balance $500.)


Effective Jan 1, 2024
Term Min Deposit Rate APY*
6 Month $500 1.00% 1.00%
1 Year $500 1.14% 1.15%
2 Year $500 1.29% 1.30%
3 Year $500 1.64% 1.65%
Dividends are paid on the last day of each month and may be added to the Certificate, be deposited to your account, or mailed to you by check.
** Minimum Balance is $500.00. rates subject to change anytime without notice. Offers may be withdrawn at any time. A penalty may be imposed for early withdrawal from a certificate account and could reduce earnings.

*APY=Annual Percentage Yield

Or consult a qualified tax professional for more information.

Learn more about how to finance your child’s education.