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Coverdell Education Savings Accounts (ESA)

Future-Proof Your Child's Learning Journey

In an era where educational costs are surging, foresight is your best ally. Secure your child's academic future with First Service's Coverdell Education Savings Account (ESA). With fixed returns, compounded monthly gains, and tax-free advantages, your investment is both smart and rewarding.

Education Savings Account Features

  • Get Started Easily

    Open a Savings IRA with just $25 or an IRA CD with just $1,000.

  • Save Up for Your Child's Education

    Contribute up to $2,000 annually for each child till they're 18.

  • Grow Consistently

    Benefit from monthly dividends at a fixed rate.

  • Zero Service Charges

    Enjoy freedom from setup, monthly, and annual service charges.

  • Tax Benefits

    Earnings and withdrawals are tax-free when used for qualifying educational expenses.1

  • Guaranteed Safety

    Rest easy knowing your funds are federally insured up to $250,000 by NCUA.

Open Your ESA as a Savings Account

0.30% APY2

on balances $100-$49,999.99

0.60% APY2

on balances $50,000 and over

Open Your ESA as a CD

IRA Certificate of Deposit Rates

Term in Months Required Balance to Open & Earn APY Dividend Rate APY2

Term in Months

6 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

4.554%

APY2

4.65%

Term in Months

12 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

4.650%

APY2

4.75%

Term in Months

18 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

4.458%

APY2

4.55%

Term in Months

24 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

4.073%

APY2

4.15%

Term in Months

36 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

3.928%

APY2

4.00%

Term in Months

48 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

3.784%

APY2

3.85%

Term in Months

60 Month

Required Balance to Open & Earn APY

$1,000 and over

Dividend Rate

3.735%

APY2

3.80%

Shape Their Future, Today

Eager to invest in their dreams? Schedule a session with our First Service Wealth Management specialist, in collaboration with CUSO Financial Services, Inc.3 Give us a call or fill out the form below.

713-676-4356
[email protected]

Wealth Management Inquiry Form

[1]

Please consult your tax advisor to determine eligibility for tax deductibility.

[2]

APY = Annual Percentage Yield. APYs are accurate as of 9/19/2024 and subject to change. Dividends are compounded and credited monthly. CDs may be subject to a penalty for early withdrawal. Fees may reduce earnings.

[3]

Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CUSO Financial")(“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor.  Products offered through CUSO Financial: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CUSO Financial. The Credit Union has contracted with CUSO Financial to make non-deposit investment products and services available to credit union members. Atria Wealth Solutions, Inc. (“Atria”) is not a Registered Investment Advisor or broker-dealer. Investment products, services and advice are only provided through CUSO Financial, a subsidiary of Atria.