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Coverdell ESA rates up to 4.00% at First Northern Credit Union
First Northern Credit Union has been one of the market leaders in Coverdell Educational Savings Account rates for a while now, and they’re still very competitive, ratewise:
- 6-month ESA CD: 3.00% APY
- 12-month ESA CD: 3.10% APY
- 18-month ESA CD: 3.25% APY
- 24-month ESA CD: 3.40% APY
- 36-month ESA CD: 3.65% APY
- 60-month ESA CD: 4.00% APY
There is no minimum or maximum listed on these CDs, although federal law puts a $2000 per child per year maximum on Coverdell ESA deposits.
First Northern CU is open to anyone who lives or works in Boone County, DeKalb County, DuPage County, Grundy County, Kane County, Kendall County, Lee County, McHenry County, Ogle County, Stephenson County, Will County, and Winnebago County, as well as the city of Evanston. There are also a number of employer groups that are eligible, including those who work at Northwestern Memorial Hospital or Northwestern University. Based on personal experience, First Northern CU does check these criteria carefully, so be sure to bring proof of employer eligibility (such as a paystub) if joining based on an employer group or county/city of employment.
First Northern Credit Union has five branches: Two in Chicago, two in Rockford, and one in Evanston.
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