Coverdell Education Savings Account (ESA) | Security Service

Security Service Coverdell Education Savings Account (ESA)

Save for qualified education expenses while your deposits grow tax-free with a Coverdell ESA.​

Apply at an SSFCU Location

Apply 24/7/365 by Calling 1.800.451.2543  

A Coverdell ESA is a tax-advantaged savings account for higher education expenses or qualified elementary and secondary education expenses. Contributions to this type of education savings account are not tax-deductible, but deposits grow tax-free until the money is used.

  • Open with $100
  • Provide savings for higher education at a higher dividend rate
  • Contribute up to $2,000 per year, per child
  • If funds are not used, you may transfer to another qualifying child
  • Move funds between variable-rate or fixed-rate CD
  • Insured by the National Credit Union Administration (NCUA) up to $250,000
Apply 24/7/365 by Calling 1.800.451.2543
Non-members: Call today to join the credit union.1


1Every member must open a share account (either a Security Service Basic Savings Account or a Youth Savings Account) with a $5 opening balance in order to join Security Service Federal Credit Union.