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Coverdell Education Savings

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Here's a great way to save money to help pay for your child’s education!

Coverdell Education Savings accounts can include both Share and Certificate investment options to save for a child's higher education. Contributions can be made at anytime, and when the child withdraws the funds for higher education, they will not pay taxes on the withdrawals.

For more information about the Coverdell Education Savings account, please visit us at any ISU Credit Union branch or give us a call. We'd love to hear from you!

Features & Benefits

  • Free Online Banking, Bill Pay, and eStatements
  • Seven convenient branch locations and access to over 5,000 additional branches through the Shared Branching Network
  • Anytime phone access through PAT, our automated phone system
  • FREE Notary Public Service
  • Federally insured up to at least $250,000

Rates

Table data for Savings Rates
 Rates effective 02-23-2018
Minimum Balance Compounded / Paid Annual Percentage Yield (APY)1 Alert Me
Daily Share $25+ Monthly .05% Receive a notification when this rate changes
Bengal Share $25+ Monthly .05% Receive a notification when this rate changes
Medical Savings $25+ Monthly .05% Receive a notification when this rate changes
Christmas Club $25+ Monthly .05% Receive a notification when this rate changes
IRA/Coverdell Savings $25+ Monthly 0.15% Receive a notification when this rate changes
Share rates effective 7/01/2017 Money Market Rates effective 7/01/2017.
The dividend rate and annual percentage yield may change at any time, as determined by the ISU Credit Union Board of Directors. A list of terms and conditions which apply to the above accounts is available at the Credit Union. Fees could reduce the earnings on the accounts. ISU Credit Union attempts to update rates immediately whenever a change occurs; however, the listed rates are not guaranteed accurate.
  • 1APY = Annual Percentage Yield

Table data for Share/IRA Certificates
 Rates effective 02-23-2018
Deposit Amount Term Compounded/ Paid Annual Percentage Yield (APY)1 Alert Me
$500 + 3 Months Monthly/Monthly 0.15% Receive a notification when this rate changes
6 Months 0.40% Receive a notification when this rate changes
12 Months 0.70% Receive a notification when this rate changes
18 Months 1.00% Receive a notification when this rate changes
24 Months 1.15% Receive a notification when this rate changes
30 Months 1.35% Receive a notification when this rate changes
36 Months 1.50% Receive a notification when this rate changes
48 Months 1.75% Receive a notification when this rate changes
60 Months 2.15% Receive a notification when this rate changes
Regulations prohibit payment in excess of earnings. Penalty required for early withdrawal. All rates are subject to change without notice. Fees could reduce the earnings on the accounts. ISU Credit Union attempts to update rates immediately whenever a change occurs; however, the listed rates are not guaranteed accurate.
  • 1APY = Annual Percentage Yield

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