Our Worcester Branch will be closed on Tuesday, May 21 for construction. The Video Teller Machine will still be available from 9:00 a.m. - 6:00 p.m., and all other branches are open as usual. As always, our online and mobile banking services are available for your convenience.
Education Accounts
Better rates on higher education
Our Coverdell Education accounts can help you save for your family's future education costs, whether that's for two years, four years, or more!
Tax Advantages
Earnings (Dividends) are tax-free if they are used to pay for educational expenses.
Low Initial Deposit
With minimum balances starting at $500, you can begin earning a higher rate sooner.
Education Account Rates
Product | Minimum Balance | Dividend Rate | Dividend Rate with 2,500 Co-op Points | Annual Percentage Yield (APY) | APY with 2,500 Co-op Points |
---|---|---|---|---|---|
IRA Savings Account | No Minimum Balance | 0.03% | 0.03% | ||
90 Days Fixed | Over $500 | 1.00% | 1.25% | 1.00% | 1.25% |
6 Month Fixed | Over $500 | 4.75% | 5.00% | 4.85% |
5.11% |
9 Month Fixed | Over $500 | 4.50% | 4.75% | 4.59% | 4.85% |
12 Month Fixed | Over $500 | 4.25% | 4.50% | 4.33% | 4.59% |
15 Month Fixed | Over $500 | 4.25% | 4.50% | 4.33% | 4.59% |
18 Month Fixed | Over $500 | 3.00% | 3.25% | 3.04% | 3.29% |
22 Month Fixed | Over $500 | 3.00% | 3.25% | 3.04% | 3.29% |
24 Month Fixed | Over $500 | 2.75% | 3.00% | 2.78% | 3.04% |
29 Month Fixed | Over $500 | 2.75% | 3.00% | 2.78% | 3.04% |
36 Month Fixed | Over $500 | 2.75% | 3.00% | 2.78% | 3.04% |
48 Month Fixed | Over $500 | 2.75% | 3.00% | 2.78% | 3.04% |
60 Month Fixed | Over $500 | 2.75% | 3.00% | 2.78% | 3.04% |
Rates subject to change at any time. Rates effective as of May 2, 2024. |
Prepare for College!
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For disclosures and additional details, visit here.
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