Coverdell Education Savings

Set aside dollars for your family's scholars

Higher ed and more

Education accounts can also cover private elementary and secondary education costs.

Not just tuition

Funds may be used for room and board, fees, and equipment such as personal computers.

Tax benefits

All dividend earnings are tax-deferred.

Every student deserves to reach their full potential. But rising education costs can present a challenge. Tax-advantaged Coverdell Education Savings accounts are one good way to set aside funds to cover tuition and other costs.

  • Deposit up to $2,000 per year per student
  • Anyone can contribute to a student's account - parents, grandparents, aunts, uncles, etc.
  • Education Savings Accounts can pair nicely with 529 Plans and other education saving strategies
  • Accounts are insured up to $250,000 by the National Credit Union Administration

 

Sikorsky Credit Union has been named the #1 Credit Union in CT for the past five years and offers membership to those living, working, volunteering or worshiping in Fairfield, New Haven & Hartford counties.

Better Rates & Lower Fees
We are CT's #1 credit union for a reason
Current rates
Access Your Accounts Anytime
Online & mobile banking gives you 24/7 access
Digital services
Your Security is Our Priority
Committed to safeguarding your personal and financial information
Security center
Putting You First, Always
Every member is valued and respected at Sikorsky Credit Union
Membership benefits