A savings account that is set up to pay the qualified education expenses of a designated beneficiary under 18.

Share

• Open a Coverdell ESA Share with $25 with no fixed term
• Deposits up to $2,000 per calendar year
• No penalty from Credit Union for withdrawals (IRS penalties may still apply)
• No maintenance fee.
• Rates vary. See rates page.

Certificate

• Open a Coverdell ESA Certificate with $500 to start at a fixed term
• Certificates will automatically roll over at maturity, with the same term and current rate unless member request different
• Deposits are tax-deferred, and limited to $2,000 per calendar year
• Subject to early withdrawal penalties (IRS penalties may also apply)
• No maintenance fees
• Rates based on Certificate term, see below.

Members

If you are already a DFCU member, simply call 562.862.8141 or email feedback@downeyfcu.org to open this account.

Non-Members

If you aren’t a DFCU member yet, visit our branch to open this account.