Coverdell Educational 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 Share Certificate
| Coverdell Educational Share Certificate | ||
| Term of Months | APY* | Dividend Rate |
| 3 | 1.00% | 0.995% |
| 6 | 1.15% | 1.144% |
| 12 | 1.25% | 1.243% |
| 18 | 1.75% | 1.736% |
| 24 | 2.00% | 1.982% |
| 30 | 2.25% | 2.227% |
| 36 | 2.50% | 2.472% |
| 48 | 2.75% | 2.716% |
| 60 | 3.00% | 2.960% |
*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 2/16/2023.
Coverdell Educational Savings Account Variable Rate
| Coverdell Educational Savings Account Variable Rate | ||
| Term of Months | APY* | Dividend Rate |
| No Minimum | 1.000% | 0.995 |
*APY – denotes Annual Percentage Interest Yield. The above Coverdell Educational Savings Account Variable Interest Rate effective 4/6/2023.