The future comes fast
Start saving for your child's education with a Coverdell Education Savings Account (ESA).1
Flexible contributions
Easily change the amount and frequency of contributions.
Tax benefits
Earnings may be tax-deferred and your child may not have to pay federal taxes on withdrawals.1
No fees
There's no fee to open an ESA.2
Transfer funds
Unused funds can be transferred to another account or child.
Friendly service
Visit us at a branch, by phone, or online for friendly member service.
Expert support
Our experts know their stuff! When you need guidance, count on us.
Today's rates
View more ratesCalculate your monthly savings4
Final Balance
Contributions: | Earnings:Choose how you save
Household budgets are always changing. No worries! You're free to modify the amount or frequency of your contributions at any time.
Share the wealth
If your child doesn't use all the funds in their ESA, you can easily transfer them to another account or child in the family.1
Members tell us they feel like they're treated like family and appreciate their interactions with employees.
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1
Open an account
Open an ESA at a branch or through video banking.
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2
Make an initial deposit
Deposit some money into the ESA to get started.
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3
Make contributions
Make regular contributions and watch the savings grow.
Have questions? We're here to help!
Invest in your child’s future
Paying for your child’s education doesn’t have to break the bank. Save over time with a Coverdell Education Savings Account (ESA).
Disclosures
Members Cooperative Credit Union does not provide legal, tax, or other advice. Please consult with your own professional services provider for more information on these matters. This content is provided for general information purposes only.
1 Coverdell ESA eligibility, contributions, transfers and rollovers, withdrawals, and penalties are subject to applicable laws and regulations.
2 Coverdell ESAs do not have maintenance or transaction fees; other fees may apply.
3 APY is the Annual Percentage Yield. The stated APY is effective as of November 21, 2024. The APY is variable and may change at any time. Fees may reduce earnings.
4 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. There is no guaranteed rate or earnings on a Coverdell ESA. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.
Membership required and subject to account requirements.
Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.
Rates
Education Savings Account rates
| Product | APY |
|---|---|
|
Education Savings Account |
0.35 |
Open Account
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