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Coverdell Educational Savings Account

A Coverdell Educational Savings Account (ESA) can help you save for a child’s educational expenses such as tuition, fees, books, supplies, equipment, and in some cases, room and board. You can make nondeductible contributions that provide the potential for tax-free withdrawals, including earnings down the road. White Rose Credit Union can offer a Certificate of Deposit or variable rate savings account for the Coverdell Educational Savings Account. Visit irs.gov for more information.

Open a Coverdell Education Savings Account at White Rose Credit Union today and start saving for tomorrow!

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Coverdell Educational Savings Account

Coverdell Educational Savings Account
Term of Months APY* Dividend Rate
3 0.20% 0.200%
6 0.30% 0.300%
12 0.50% 0.499%
18 0.60% 0.598%
24 0.70% 0.698%
30 0.80% 0.797%
36 1.00% 0.995%
48 1.10% 1.094%
60 1.20% 1.193%

*APY – denotes Annual Percentage Interest Yield. The minimum opening deposit on all certificates is $500.00. A penalty may be imposed for early withdrawal. All rates are subject to change without notice. The above certificate interest rates effective 8/3/2022.

IRA Variable Interest Rate

Balance APY* Interest
No Minimum 0.075% 0.075%

*APY – denotes Annual Percentage Interest Yield. The above IRA Variable Interest Rate effective 6/22/2022.