Education Savings

Plan ahead for your child's educational expenses with a Coverdell Education Savings Account.

Rates current as of December 1, 2022

Tomorrow will be here before you know it

Coverdell Education Savings Account (CESA) is a dividend earning account that is established in the name of a student to invest money specifically for educational purposes. A CESA can be used to pay for elementary, high school or college education expenses. A parent or legal guardian is able to deposit a maximum of $2,000 a year for any child under 18 years old.

How to get started

Open a term certificate account at any First Credit Union branch. Find a location near you.

Current Rates

Accumulation Accounts for IRA, HSA, and CESA

TermAPY*Min. Amount
7 Month CD Special3.05%
3.05%
3.05%
3.05%
$500
$1,000
$25,000
$50,000
1 year1.50%
1.55%
1.60%
$1,000
$25,000
$50,000
17 Month CD Special3.50%
3.50%
3.50%
3.50%
$500
$1,000
$25,000
$50,000
2 years1.60%
1.65%
1.70%
$1,000
$25,000
$50,000
3 years1.65%
1.70%
1.75%
$1,000
$25,000
$50,000
5 years 1.85%
1.90%
1.95%
$1,000
$25,000
$50,000
Accumulation Accounts1.11%$50,000

*APY = Annual Percentage Yield. Dividends are prospective. In case of early withdrawal or fees, earnings could be reduced. The rate, APY, and fee schedule may change at any time without notice. Other investments are also available. Call (480) 756-5500 for more information.