Which account is right for you?
*A Coverdell Education Savings Account (ESA), formerly known as an Education IRA, provides tax-free, fixed-rate asset growth for education costs from kindergarten on up. Eligible individuals may contribute up to $2,000 per year on behalf of a child up to age 18. There are income guidelines to establish a Coverdell plan, and you should consult a tax advisor for your specific situation.
Start Saving Now!
Open a Savings/Certificate Account online, call us at (888) 255-3637, or visit a branch. Visit our Retirement Central for more information or to open a Coverdell Education Savings Account.
Savings & Certificate Account Disclosures
1 A penalty may be imposed for withdrawals before the maturity of a certificate: Terms less than or equal to 12 months may have a penalty equal to 90 days of dividends on the amount withdrawn; Terms greater than 12 months may have a penalty equal to 180 days of dividends on the amount withdrawn.
2 Must be age 12 or older for an ATM card.
3 Rates are subject to change without notice. All dividends are compounded and paid monthly except Certificate Accounts which are compounded and paid monthly and/or at maturity. Share Accounts have a variable rate and Certificate Accounts have a fixed rate.
+ To open an IRA certificate account, please go to a KeyPoint branch.
++ Dividends earned will be based on the interest rate and Annual Percentage Yield (APY) as shown on our Deposit Rate Sheet at the time you open your account. After account opening, you have the option to ReSet your rate one time during the initial term of your certificate by choosing your reset rate from the effective Traditional Certificate rate of the same term. Your reset rate will be effective from the date you contact us and may take up to one business day to process. The stated APY assumes principal and interest remain on deposit for the term of the certificate. Interest is compounded monthly. For full details see Truth and Savings Disclosure for ReSet Certificate at www.kpcu.com. Early withdrawal penalties may apply.
Your KeyPoint savings are federally insured to at least $250,000 (Individual Retirement Accounts up to an additional $250,000) through the National Credit Union Administration (NCUA).