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!
|Minimum Balance||Compounded / Paid||Annual Percentage Yield (APY)1||Alert Me|
|Share rates effective 12/01/2014 Money Market Rates effective 12/01/2014.
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.
|Deposit Amount||Term||Compounded/ Paid||Annual Percentage Yield (APY)1||Alert Me|
|$500 +||3 Months||Monthly/Monthly||0.15%|
|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.|