Education Savings Account

Big dreams start with smart savings

Get on the fast track to your dream with an Education Savings Account!

Education is one of the best investments you can make—but it can also become a financial burden. A Coverdell Education Savings Account (ESA) is designed to help lighten the load, from kindergarten to college.

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BENEFITS	CONDITIONS
Set aside funds for your child's education	Designated beneficiary must be under 18 when contributions are made
Dividends grow tax-free*	To contribute to a Coverdell ESA, certain income limits apply*
Withdrawals are tax-free and penalty-free when used for qualifying education expenses*	Contributions are not tax deductible
The Coverdell ESA may be transferred without penalty to another member of the family	$2,000 maximum annual contribution per child
Contributions are allowed regardless of Traditional or Roth IRA participation	The money must be withdrawn by the time the beneficiary turns 30

*Consult a tax advisor.

Savings FAQs

Do you have Club Accounts?

Yes, we offer Christmas Club and Vacation Club accounts.

What is your current interest rate on a savings account?

All rates are subject to change. To find the current savings interest rates, click here.

What is the minimum balance required in my savings account to earn interest?

Competitive dividends on balances of $100 or more will boost your balance, so you can reach your savings goals faster.

How much money is required to open a Regular Share Savings Account?

To establish a Del-One membership, every membership requires a Regular Share Savings Account that you can open with as little as $5.

What are your certificate rates?

To find a list of current rates, please visit the Share Rates page. All rates are subject to change.

What are the fees on your Savings Accounts?

All Del-One fees are subject to change and are updated regularly to provide members with the best value possible. Find a list of current fees and service charges on the Fee Schedule.