ALL Credit Union Branches will be CLOSED in Observance of Veteran's Day on Saturday, November 11th
Accounts can be accessed and managed any time through online and mobile banking.
ESAs (formerly known as Education IRAs) are flexible accounts that allow you to save for a child's qualified educational expenses, including college, private high school tuition, and after-school tutoring. Even relatives and friends can contribute to an ESA for your child.
Contributions are not tax-deductible, but earnings accumulate tax-free, and distributions are tax-free if they are used to meet qualified education expenses. (Please consult your tax advisor for more information on the rules for ESAs.)
ESA certificates require a minimum deposit of $1,000. ESA Share Accounts may be opened with as little as $15, with ongoing contributions added to your account through direct deposit.
|Account Type||Dividend Rate||APY**||Minimum Balance to open and earn Dividend|
|ESA* Share Account||0.10%||0.10%||$15.00|
|6 Month ESA Certificate||0.50%||0.50%||$1,000.00|
|12 Month ESA Certificate||0.75%||0.75%||$1,000.00|
|18 Month ESA Certificate||0.90%||0.90%||$1,000.00|
|24 Month ESA Certificate||1.50%||1.51%||$1,000.00|
|36 Month ESA Certificate||1.60%||1.61%||$1,000.00|
|48 Month ESA Certificate||1.75%||1.76%||$1,000.00|
*ESA is Education Savings Account.
**Annual percentage yield.
Rates may change after the account is open. Fees could reduce the earnings on the account.
There is a substantial penalty for early withdrawals on ESA Certificates.
Rates are effective October 10, 2017. All rates are subject to change without notice.