Skip to main content
Log in
 
Home | About | Locations | Contact202-874-3210

Coverdell ESAs are the perfect savings vehicle for parents, grandparents or guardians to allocate money for a child’s education expenses.

Earning tax-free dividends for education expenses is just smart.

Although classified as an IRA, Coverdell ESAs are used for qualified education expenses at any time during a child's life. Earnings are tax-free and withdrawals made before the child turns 30 will be tax-free if used for qualified education expenses. Participation is subject to income restrictions.

Traditional and Roth IRAs are typically used as savings vehicles for retirement planning.

Savings Account Rates

6/1/2019Print

Account Min. Balance to Open Min. Balance to Earn APY Dividend Rate APY*
Educational Savings $500 $500 1.25% 1.26%
*APY = Annual Percentage Yield. Share Account dividends are compounded and paid monthly. Dividend Rate and APYs are variable and are subject to change. If you close your share account prior to the payment of dividends, you will not receive the accrued dividend. Fees could reduce earnings on an account. 

Get started today:

Member Resources
You Might Also Consider:
Savings AccountsCheckingIRAsCertificatesMoney MarketCoverdell Education SavingsDividend Rates
EP Federal Credit Union

As a not-for-profit financial cooperative, we are able to offer low-rate loans, competitive savings and conveniences with lower or no fees. You contribute directly to the well-being of the credit union simply by taking advantage of these beneficial services.

As a not-for-profit financial cooperative, we are able to offer low-rate loans, competitive savings and conveniences with lower or no fees. You contribute directly to the well-being of the credit union simply by taking advantage of these beneficial services.

Fair Housing And Equal OpportunityNational Association of Federally-Insured Credit Unions
CareersFees & DisclosuresPrivacy PolicyInternet PrivacyWeb AccessibilityTerms of UseSitemap
©2019 EP Federal Credit Union | Site by Visions, Ink.
Top