Coverdell Education Savings

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!

Features & Benefits

  • Free Online Banking, Bill Pay, and eStatements
  • Seven convenient branch locations and access to over 5,000 additional branches through the Shared Branching Network
  • Anytime phone access through PAT, our automated phone system
  • FREE Notary Public Service
  • Federally insured up to at least $250,000

Rates

Savings Rates

  •  Rates effective 10-18-2017
Minimum Balance Compounded / Paid Annual Percentage Yield (APY)1 Alert Me
Daily Share $25+ Monthly .05%
Bengal Share $25+ Monthly .05%
Medical Savings $25+ Monthly .05%
Christmas Club $25+ Monthly .05%
IRA/Coverdell Savings $25+ Monthly 0.15%
Share rates effective 7/01/2017 Money Market Rates effective 7/01/2017.
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.
  • 1APY = Annual Percentage Yield

Share/IRA Certificates

  •  Rates effective 10-18-2017
Deposit Amount Term Compounded/ Paid Annual Percentage Yield (APY)1 Alert Me
$500 + 3 Months Monthly/Monthly 0.15%
6 Months 0.40%
12 Months 0.70%
18 Months 1.00%
24 Months 1.15%
30 Months 1.35%
36 Months 1.50%
48 Months 1.75%
60 Months 2.15%
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.
  • 1APY = Annual Percentage Yield

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