|Account Type||Standard Dividend Rate¹||Standard APY²||Minimum Opening Balance||Dividends Compounded & Credited||Dividend Period³|
|First Step Savings⁴||2.50% on first $500||2.50% on first $500||$1||Quarterly||Quarterly|
Benefit before undergrad.
Unlike a 529 plan, you can use your kid’s Coverdell ESA to pay for their elementary and secondary education expenses, too.
Earnings that go where you want.
Tax-free earnings on your contributions mean every penny goes toward your kid’s education. Isn’t that the whole point?
Everyone plays a part.
Family and friends can also contribute to your kid’s ESA, giving everyone the chance to invest in your children’s future.
Waste not, want not.
If your oldest gets a scholarship, you can roll their funds into an ESA for your youngest.
Setting Up An Education Savings Account Is Easy.
Simply call us or book an appointment to stop by a branch. We can explain your options, answer any questions, and help you open your account today.
You are about to leave wecu.com.
The site you are about to visit is not operated or controlled by WECU, nor is WECU responsible for its content. WECU is not to be misconstrued as a representative for visitors of our website, the third party website operator, or for our members in the event of communication or a transaction. WECU's website terms, privacy and security policies may differ from this site.