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It’s never too early! Start saving today for elementary, secondary and higher education expenses through a Coverdell Education Savings account and watch your earnings grow tax-free!

The Coverdell Education Savings Account allows you to make non-deductible annual contributions up to $2,000 per year for each child until they reach age 18.

The tax-free earnings can be used to pay qualified elementary and secondary school expenses as well as those for higher education. Coverdell Education Savings Accounts are trust accounts for the designated beneficiary,and are insured up to an aggregate $250,000.

IRA & Education Savings Account Rates
Effective Oct 1, 2017
Description Dividend APY* Min Open Deposit
Traditional, Roth or Coverdell Share Account 0.20% 0.20% $25
*APY = Annual Percentage Yield

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Frequently Asked Questions

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  • There’s a first time for everything, but that doesn’t mean you have to go unprepared. Here are a few firsts that Securityplus can help you with.

  • So you’re ready to make one of the biggest commitments of your life? We’re experts at financing the big day expenses — and beyond.

  • No matter how much you plan, things can still go wrong. During times of unexpected hardship, Securityplus is still willing to help.

  • Whether a new baby or a new pet, a growing family means growing expenses. We can help you prepare for those changes in your budget.

  • Whether you're looking to vacation or you're relocating, Securityplus wants to make sure finances don't stand in your way.

  • You've spent most of your life preparing to retire. Securityplus can help ensure that you are financially equipped to do so comfortably.

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If you live, work, worship, or go to school in the City of Baltimore; are employed by or retired from SSA or CMS; or are in the immediate family of an existing member, you are eligible to join Securityplus Federal Credit Union.
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