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Education Savings

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

Rates current as of May 1, 2024

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
1 year4.65%
4.70%
4.75%
$500
$25,000
$50,000
17 Month CD Special5.05%
5.05%
5.05%
$500
$25,000
$50,000
2 years3.90%
3.95%
4.00%
$500
$25,000
$50,000
3 years3.60%
3.65%
3.70%
$500
$25,000
$50,000
5 years 3.50%
3.55%
3.60%
$500
$25,000
$50,000
IRA (Traditional & Roth), HSA & CESA Accumulation Accounts1.25%$50,000

*APY = Annual Percentage Yield, which is an estimated annualized rate of return that considers both the dividend rate and frequency of compounding. 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.