Save for your child’s education expenses with a Coverdell Education Savings Account.
Coverdell Educational Savings
- $1 minimum opening deposit into a savings account
- Distributions are tax-free as long as they are used for qualified education expenses before the owner reaches the age of 30. See current IRS guidelines for penalties.
- Contributions are not tax deductible.
Coverdell ESA Rate
Effective Date: Wednesday, July 1st, 2026
Subject to change. APY = Annual Percentage Yield. The APY is a percentage rate that reflects the total amount of dividends to be paid based on the Dividend Rate and frequency of compounding for an annual period. Dividends are calculated daily and credited monthly.
| Annual Percentage Yield | Dividend Rate | Minimum to Earn Dividends |
|---|---|---|
| 0.50% | 0.50% | $1 |
