Coverdell Education Savings Accounts (ESA)

Give Your Child the Gift of Education

A Coverdell education savings account (ESA) may be an easy way to start saving for a child’s education. With an ESA, individuals can make annual nondeductible contributions on behalf of a child. Withdrawals are tax-free when used for qualified education expenses.

See Rates

Term	APY*	Interest Rate	Initial Deposit
6 Month Promo CD	0.450%	0.450%	$500
12 Month Promo CD	0.550%	0.548%	$500
24 Month Promo CD	0.650%	0.648%	$500
60 Month Promo CD	0.950%	0.946%	$500
3 Month CD	0.050%	0.050%	$500
6 Month CD	0.100%	0.100%	$500
18 Month CD	0.200%	0.199%	$500
1 Year CD	0.150%	0.149%	$500
2 Year CD	0.250%	0.249%	$500
3 Year CD	0.400%	0.399%	$500
4 Year CD	0.500%	0.499%	$500
5 Year CD	0.600%	0.598%	$500

Coverdell Education Savings Accounts

Earnings grow on tax-deferred basis, distributions are tax-free* if qualified.
Contributions each year cannot exceed $2,000 per child.
View our informative Coverdell ESA brochure.

Account Type	Details
Coverdell Education Savings Account	No minimum balance to earn interest. $25 minimum to open the account.
Coverdell Education Savings 6-Month Promo CD	$500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.
Coverdell Education Savings 12-Month Promo CD	$500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.
Coverdell Education Savings 24-Month Promo CD	$500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.
Coverdell Education Savings 60-Month Promo CD	$500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

*Consult your tax advisor

Give Your Child the Gift of Education

Personal CD

Coverdell Education Savings Accounts

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