Designed to help parents and others fund a child's education. Contributions and earnings may be withdrawn tax-free when used to pay qualified education expenses.

We offer Coverdell Education Savings Accounts (CESA) to help you meet your education goals for today and tomorrow. Each plan may have one or more Savings and/or Certificate of Deposit accounts.

  • Education Savings are a simple way to save for education expenses
  • Education Certificate of Deposits help you lock in earnings to meet your educational goals


  • There is no Monthly Maintenance Fee (Service Charge)
  • Partial Distribution or Transfer: $7.50 per occurrence (does not apply to mandatory or normal distributions)
  • Periodic Distribution Setup: $15.00 for each education plan (does not apply to mandatory or normal distributions)
  • Lump Sum Distribution: $20.00 for each education plan, at plan termination

Click below to review our current fee schedule and account agreement and disclosures:

Consumer Fee Schedule

Consumer Deposit Account
Agreement and Disclosures

Consult the Coverdell Education Plan fact sheet for more Education Plan information.

Open an Account

To open an Education Savings or Certificate of Deposit account, please give us a call at 1-800-982-2660  or visit your local branch.

Please scroll to the left to view the rest of the table.

Education Savings Education Savings Plan Education Savings Premium Education Certificate of Deposit

Best Used For

For education savings balances between $250 and $9,999 For education savings between $10,000 and $49,999 For education savings $50,000 and above 1, 3 and 5-year terms available to help meet your education savings goals
Monthly Maintenance Fee 
(Service Charge)
None None None None
Minimum Opening Deposit $250 $10,000 $50,000 $1,000
Earns Interest Available
Partial Distribution or Transfer Fee $7.50 $7.50 $7.50 $7.50
Periodic Distribution Setup $15 $15 $15 $15
Lump Sum Distribution Fee $20 $20 $20 $20
Important Coverdell Education Savings Account (CESA) Plan Information
Consult your tax advisor or IRS Publication 970. IRS Publication 970 is available by calling the IRS at 800-829-3676 or online at