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Coverdell Education Savings Accounts

An account for your child's post-secondary expenses

With education costs climbing each year, it's never too early – or too late - to save for your child's education. To help you get started, UECU offers the Coverdell Education Savings Account (ESA). The Coverdell ESA is a great way for parents to save money for a child's educational expenses, and gives you the flexibility to make deposits in any amount, at any time up to your contribution limit.

Coverdell ESA benefits include:

  • A $25.00 minimum opening deposit
  • Money grows tax-deferred
  • Tax-free withdrawals for higher education expenses
  • Dividends earned quarterly

Coverdell Education CDs are also available. We offer a variety of terms from 182 days to 5 years, with a minimum opening deposit of $500.

Click here Adobe Reader File to view the Coverdell ESA information PDF for useful information such as rules, contribution limits, fees, withdrawals, distribution ages and much more.

For more information or to open a Coverdell ESA, please call or visit your credit union branch office, or click here to send us a message via our online contact form.

Member Resources

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