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Coverdell Education Savings Account (CESA)

State Employees' Credit Union offers the Coverdell Education Savings Account (CESA) as a method of saving for elementary, secondary and higher education expenses.

Features

  • Current interest rate is % / % APY1
  • $ minimum opening deposit
  • Established in the name of the designated beneficiary, an SECU member under the age of 18 or with special needs
  • Can be established by parents, grandparents, or other interested individuals
  • Contributions made with after-tax dollars
  • Earnings grow tax-deferred
  • Tax-free withdrawals to pay qualified education expenses


You may apply for a Coverdell Education Savings account online via Member Access.


1 Quoted rates and annual percentage yields (APY) are subject to change daily.


Related Pages
For immediate assistance, contact your local branch.

After hours, you may contact our Member Services at (888) 732-8562.
*Quoted rates, dividends, annual percentage yields (APY) and rates (APR) are subject to change daily at the discretion of the Board of Directors.