Please be aware that mortgage and HELOC scheduled automated payments will be processed the evening of the scheduled date. The payment will be reflected on your account the following business day with the effective date that it was scheduled for.
Please be aware that mortgage and HELOC scheduled automated payments will be processed the evening of the scheduled date. The payment will be reflected on your account the following business day with the effective date that it was scheduled for.
Education Savings Account (ESA)
A CapEd ESA is a way to save for eligible education expenses for a child. Contributions can be made through the age of 18.
Visit a CapEd location to get started with an ESA today.
What is an Education Savings Account?
An Education Savings Account is a great solution to save for future eligible education expenses for your child. This account may be invested in a regular savings or a certificate. That means you can either continue to deposit money over time to save, or you can utilize it as a certificate account and withdraw the funds once it reaches maturity.
Benefits & Features
- An easy way to save for college
- Can be used for private school students in 1st through 12th grade
- Earns dividends that are compounded and credited quarterly
- Flexible investment options
- Anyone can make a contribution on behalf of ESA beneficiary for their education
- Possible tax advantages1
ESA Savings
ESA Savings Account Rates
| Minimum Balance | Dividend Rate | APY2 |
|---|---|---|
| $0.00 | 0.50% | 0.50% |
ESA Savings
Minimum Balance to Open ESA savings account.
$0.00
Monthly Service Fee for ESA savings account.
$0.00
ESA Certificates
Rates current as of February 20, 2025.
Promotional Certificates
Minimum Deposit for promotional certificates.
$500.00
Highest Dividend Available for promotional certificates.
3.95% APY3
Shortest Term Available for promotional certificates.
6 Months
Longest Term Available for promotional certificates.
5 Years
| Term | Minimum Deposit | Dividend Rate | APY2 |
|---|---|---|---|
| 6 Months | $500.00 | 3.89% | 3.95% |
| 12 Months | $500.00 | 3.84% | 3.90% |
| 18 Months | $500.00 | 2.97% | 3.00% |
| 24 Months | $500.00 | 3.16% | 3.20% |
| 36 Months | $500.00 | 3.26% | 3.30% |
| 48 Months | $500.00 | 3.36% | 3.40% |
| 60 Months | $500.00 | 3.455% | 3.50% |
Important Information: All promotional certificates must be opened with funds that are not currently held in a CapEd Credit Union account or that have been deposited to a CapEd Credit Union account less than 30 days.
Standard Certificates
Minimum Deposit for standard certificates.
$500.00
Highest Dividend Available for standard certificates.
2.25% APY3
Shortest Term Available for standard certificates.
6 Months
Longest Term Available for standard certificates.
5 Years
| Term | Minimum Deposit | Dividend Rate | APY2 |
|---|---|---|---|
| 6 Months | $500.00 | 1.49% | 1.50% |
| $10,000.00 | 1.54% | 1.55% | |
| $50,000.00 | 1.59% | 1.60% | |
| 12 Months | $500.00 | 1.74% | 1.75% |
| $10,000.00 | 1.79% | 1.80% | |
| $50,000.00 | 1.84% | 1.85% | |
| 18 Months | $500.00 | 1.84% | 1.85% |
| $10,000.00 | 1.89% | 1.90% | |
| $50,000.00 | 1.94% | 1.95% | |
| 24 Months | $500.00 | 1.94% | 1.95% |
| $10,000.00 | 1.99% | 2.00% | |
| $50,000.00 | 2.03% | 2.05% | |
| 36 Months | $500.00 | 2.03% | 2.05% |
| $10,000.00 | 2.08% | 2.10% | |
| $50,000.00 | 2.13% | 2.15% | |
| 48 Months | $500.00 | 2.08% | 2.10% |
| $10,000.00 | 2.13% | 2.15% | |
| $50,000.00 | 2.18% | 2.20% | |
| 60 Months | $500.00 | 2.13% | 2.15% |
| $10,000.00 | 2.18% | 2.20% | |
| $50,000.00 | 2.23% | 2.25% |
Request an ESA
Stop by any of our locations to open an ESA Savings or an ESA Certificate.
View LocationsESA Resources
Tools to help you with your educational goals.
Help the Child in Your Life Achieve a Bright Future
View this PDF to learn more about the benefits of a Coverdell education savings account (ESA).
Use this calculator to help analyze your budget as a full-time student.
Questions?
Disclosures
1 Consult a tax professional for guidance and tax advice.
2 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce the earnings on the account.
3 APY is Annual Percentage Yield. Rates are accurate as of the effective date indicated. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Promotional rates offered for a limited time.
