|Account Type||Standard Dividend Rate¹||Standard APY²||Minimum Opening Balance||Dividends Compounded & Credited||Dividend Period³|
|Education Savings||0.50%||0.50%||No Minimum||Quarterly||Quarterly|
|First Step Savings⁴||2.96% on first $500||3.00% on first $500||$1||Quarterly||Quarterly|
|Health Savings||0.50%||0.50%||No Minimum||Quarterly||Quarterly|
|IRA Savings||0.50%||0.50%||No Minimum||Quarterly||Quarterly|
|Money Market ($0-$99,999)||0.75%||0.75%||No Minimum||Monthly||Monthly|
|Money Market ($100,000+)||1.29%||1.30%||No Minimum||Monthly||Monthly|
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.
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