College, Here I Come!

Education Savings Accounts

Can't Wait to Earn My Degree...

Coverdell Education Savings Account Overview

A Coverdell ESA opens the door to setting money aside for college expenses as well as qualified elementary and secondary school expenses. It can also be coupled with a 529 Plan (Qualified Tuition Program) to maximize the savings. Washington State’s 529 Plan is GET (Guaranteed Education Savings) – visit the GET website to learn more. As always…when it comes to the eligibility ropes, your tax advisor knows best!

Coverdell Education Savings Account Features & Benefits
  • Contributions are not tax-deductible
  • Contributions can be made until the beneficiary is 18
  • Earnings may be tax-free
  • Qualified withdrawals are tax-free and penalty-free
  • E-Statements

    We’re all about eco-friendly, and e-statements help keep things a little tidier all the way around. You can sign up for them under the Documents tab in Online Banking, be notified by e-mail when they’re available for viewing and know they’re securely stored for you. No more hard copies to file and shred!

  • Mobile Banking
    Mobile Banking

    Mobile Banking is account management on the go. Having the ability to check balances, keep tabs on activity and transfer funds on the spot – along with several other features – is very handy and pretty much the norm these days. We’re happy to oblige.

    You have a choice – browser or app – but you'll want the app because...wait for get Mobile Deposit!

  • Online Banking
    Online Banking

    Online Banking is one of the ways we help you make banking the most enjoyable hassle of your day. And when there’s access to check balances and activity, transfer funds, pay bills and more whenever you need it, banking really isn’t a hassle at all, right?

  • Payroll Deduction
    Payroll Deduction

    What is payroll deduction? It’s a way to have part of your paycheck deposited into an account or applied as a loan payment. We’re happy to accept payroll deductions if your employer offers it – check with your company’s payroll department for more information.

  • Telephone Banking
    Telephone Banking

    If you’d rather use a good old-fashioned phone to access your accounts, meet Telephone Banking. Our automated system lets you check account, loan and credit card balances, make transfers, check withdrawals and more. A quick call to our Contact Center for an access code will get you started. We also offer a guide with a detailed list of available services.

Ready to open a Coverdell Education Savings Account?

Stop by your nearest branch or call 800.562.0999

Branch Locations
Photo of Mary C.
Member Story
Mary C.

My lil' Yorkie, Lucy, knows exactly when we hit the drive-thru and makes sure she is visible to the teller! They are always so friendly and talk to her and best of all...send out that fab dog treat!