Coverdell Education Share Savings Account

The Coverdell Education Share Savings Account is a great account to begin saving for your children's or grandchildren's education needs from private elementary school to college.

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  • It has a low opening balance of only $50.00, and it pays a great dividend rate
  • It saves you money, because the Credit Union charges no fees on our Coverdell accounts
  • It provides you the convenience of saving with a direct deposit from your paycheck or money at other financial institutions

To Open a Coverdell Education Share Savings Account, Click here to Contact Us


Coverdell Education High Yield Share Savings Account

The Coverdell Education High Yield Share Savings Account provides our best Coverdell savings account dividend rate and the convenience to help your account balance grow.

  • It pays our highest Coverdell savings account dividend rate on a monthly basis
  • It saves you money, because the Credit Union charges no fees on our Coverdell Accounts
  • It provides you the convenience of saving with Direct Deposit from your paycheck or money at other financial institutions

To Open a Coverdell Education High Yield Share Savings Account, Click here to Contact Us


Coverdell Education Account Tax Information

A Coverdell Education Account is for the purpose of saving for qualified elementary, secondary and post-secondary education expenses of a designated person. The benefit of a Coverdell Education Account is that qualified distributions from the account are tax free.

Internal Revenue Service (IRS) requirements to open a Coverdell are:

  • The designated account beneficiary must be less than 18 years of age
  • The Modified Adjusted Gross Income of the person contributing to the Coverdell account must be less than $110,000.00, if filing an individual tax return, or $160,000.00, if filing a joint tax return
  • The maximum annual contribution to a designated Coverdell beneficiary is $2,000.00 regardless of the number of Coverdell Accounts opened on behalf of that person.
  • Click here for more information at the IRS website

< 36 Month Coverdell Education Term Share Certificates

90 day, 6 month, 12 month, 18 month and 24 month Coverdell Term Share Certificates provide you a high fixed rate of return with the flexibility to plan or ladder your certificate maturities to meet your personal needs.

  • These certificates pay high fixed rate quarterly dividends with a low opening balance of only $500.00
  • These certificates automatically renew at our current rates giving you the peace of mind that your money is always invested at our highest rates

To Open a Coverdell Education Term Share Certificate, Click here to Contact Us


36 Month and Greater Coverdell Education Term Share Certificates

36 month, 48 month and 60 month Coverdell Term Share Certificates pay our highest dividend rates today and allow you to "Bump" your rate higher during the term of the certificate.

  • These certificates pay our highest fixed rate quarterly dividends with a low opening balance of only $500.00 and provide you with a specific number of dividend rate Bumps
  • These certificates automatically renew at our current rates giving you the peace of mind that your money is always invested at our highest rates
  • To exercise a certificate dividend rate Bump, simply contact the Credit Union to request the current Credit Union rate for your certificate term, and you will receive the new higher rate until your certificate matures or you Bump the rate again

To Open a Coverdell Education Term Share Certificate, Click here to Contact Us

 
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