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Education Savings Accounts (ESA)

A CapEd ESA is a way to save for eligible education expenses for a child.

Education Savings Account

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.

Matched Education Savings Account (MESA)

CapEd's legacy of supporting education isn’t just for those teaching in the classroom, but also for students seeking higher education – whether at a college, university, or trade school. In partnership with the Northwest Credit Union Foundation, CapEd offers MESA to income qualified individuals. Students who meet requirements can receive a 3 to 1 match to funds saved for their education. The match is available up to $500 saved – meaning a person could receive a total of $1,500 to assist them with their educational pursuits.

Visit the Northwest Credit Union Foundation website to learn more about this savings option and the qualifications.

Benefits and Features

  • An easy way to save for college or private school
  • Earns dividends that are compounded and credited quarterly
  • Flexible investment options
  • Possible tax advantages1


Rates for ESA Savings and ESA Certificates

ESA Savings

Dividend Rate APY2
0.50% 0.50%

ESA Certificates

Rates current as of .

Term Minimum Deposit Dividend Rate APY1
6 Months $500 % %
$10,000 % %
$50,000 % %
12 Months $500 % %
$10,000 % %
$50,000 % %
18 Months $500 % %
$10,000 % %
$50,000 % %
24 Months $500 % %
$10,000 % %
$50,000 % %
36 Months $500 % %
$10,000 % %
$50,000 % %
48 Months $500 % %
$10,000 % %
$50,000 % %
60 Months $500 % %
$10,000 % %
$50,000 % %


Tools to help you with your educational goals.


1 Consult your tax adviser regarding potential tax benefits.

2 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date. Rates may change after the account is opened. Fees or other conditions could reduce the earnings on the account.

3 APY is Annual Percentage Yield. The APY is accurate as of the effective date indicated. Fees or other conditions could reduce earnings on the account. A penalty may be imposed for withdrawals before maturity.

Promotional rates are offered for a limited time.