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Education Savings and CDs

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 Contributions and earnings may be withdrawn tax-free when used to pay qualified education expenses.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:

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.

Important Coverdell Education Savings Account (CESA) Plan Information
Consult your tax advisor.

Education Savings Education Certificate of Deposit
Monthly Maintenance Fee 
(Service Charge)
None None
Minimum Opening Deposit $250 $1,000
Earns Interest Yes Yes
Partial Distribution or Transfer Fee $7.50 $7.50
Periodic Distribution Setup $15 $15
Lump Sum Distribution Fee $20 $20

A word about our calculators

The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.

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Current CD Rate Specials*

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