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Coverdell Education Savings Account

It's time to hit the books

This special savings account can help you save big on educational expenses.


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What Is It?

Coverdell Education Savings Account from Yolo Federal

You want the best for your child. With a Coverdell Education Savings Account, you and your family can make tax-free contributions* to their future. It’s the perfect way to plan ahead.

*Please consult your tax advisor

Why Yolo Federal

Just the right solution

  • Contribute up to $2,000 per year
  • Anyone can deposit money into the account
  • Use for any qualified education expense, not just college
  • Leftover funds can be transferred to another child

Rates & Fees

IRA, ROTH, Coverdell ESA & SEP

Minimum Daily Balance Dividend Rate Annual Percentage Yield
$0 0.03% 0.03%
$100 0.03% 0.03%
$10,000 0.03% 0.03%
$50,000 0.03% 0.03%
$100,000 0.03% 0.03%

Effective Date: July 1, 2024. Last Dividend Declaration Date: June 30, 2024. Rates subject to change at any time.

Dividends paid from current income and available earnings after required transfer to reserves at the end of the dividend period. Rates are subject to change without notice as determined by the Credit Union’s Board of Directors. Fees could reduce earnings on accounts. Some restrictions may apply.

Savings Calculator

Total Savings

Education

The Resolution Train

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To qualify for membership, you must live, work, worship, attend school in Yolo, Sacramento, Placer, or El Dorado counties.

To apply for a Home Loan, you must qualify for membership, and the property must be located in Yolo, Sacramento, Placer, or El Dorado counties or within 50 miles of our corporate office. 

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