Saving for education is a smart investment, no matter when you begin.
Deposit as little as $
Invest up to $2,000 per year
Earn as high as % APY*, tax-free
*Annual Percentage Yield
With our education certificate, you get a higher yield than with many others – and you’re less likely to dip into your savings prematurely.
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Term |
APY* |
|---|---|
|
1 Year |
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2 Year |
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3 Year |
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4 Year |
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5 Year |
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7 Year |
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*Annual Percentage Yield
Maximum yearly contribution is $2,000. Education Savings Share Account minimum opening deposit is $25. Education Savings Account Certificate minimum opening deposit is $500.
Have questions? Ready to start saving for the future?
Coverdell Education Savings
APY (Annual Percentage Yield) is accurate as of and is subject to change at any time. Fees may reduce earnings.
We will establish your certificate on the day we receive your application and funding. Once purchased, the rate is locked in for the term of your certificate.
Certificate dividends are compounded daily and credited monthly.
For all certificates funded by ACH, funds cannot be withdrawn within the first 60 days of the account opening.
Early Redemption Penalties
Penalties are imposed for early withdrawal of Coverdell Education share certificates. You must provide your request in writing.
If the certificate is redeemed within the first year, all dividends will be forfeited.
If after the first year, but prior to the maturity date, the early withdrawal penalty will equal 30% of what would have been earned if the certificate had been held to maturity, not to exceed total dividends earned.
*Please consult your tax advisor
