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.
| Account | Min. Balance to Open | Min. Balance to Earn APY | Dividend Rate | APY* |
|---|---|---|---|---|
| Educational Savings | $500 | $500 | 1.25% | 1.26% |
Finance with us and earn 5,000 epSMART REWARDS points
Second Home Mortgages now available at EPFCU
Transfer funds to your outside accounts through epOnline
Owe Income Tax? Relax, we've got you covered
More than 80,000 nationwide surcharge-free ATM's*
Put money back in your pocket. 2.99% APR* on Balance Transfers
Main Office
13th & C Streets, SW
Room 215A
Washington, DC 20228
Fax: 202-602-6623
