Deal of the Day: KC Fairfax Federal Credit Union Savings Account Interest at 2.01% APY
Most students and parents need all the help they can get saving for college. Good savings account interest rates will definitely help toward college savings goals. A useful tool in preparation for higher education costs is a Coverdell Education Savings account. These accounts typically come with a decent interest rate and have features that benefit any family saving for college. One financial institution with a great rate is KC Fairfax Federal Credit Union, which is offering an account with a 2.01% APY.
KC Fairfax Credit Union Coverdell Education Savings Account Terms and Conditions
The savings account interest rate for this account is 2.01% APY and applies to any balances greater than $5,000. Coverdell Education Savings accounts have specific terms, such as a $2,000 annual contribution limit. In addition, contributions are not deductible, though the balances will grow on a tax-free basis. Additionally, distributions are not taxed either, provided they are used for qualified educational expenses.
About KC Fairfax Federal Credit Union
KC Fairfax Federal Credit Union serves the people of Kansas City, Kan., by promoting savings and providing excellent financial products and services. Its field of membership includes anyone who lives, works, worships or attends school in Wyandotte County. Membership requires a low initial $5 membership fee and a $50 minimum account balance in a regular share account to earn dividends.
Find the best savings account interest rates in your area!
Other Terms and Conditions may apply. Additionally, interest rates are based on the institution’s online published rates and may have changed since this offer was posted. Please contact the financial institution for the most recent rate updates and to review the terms of the offer.