Deal of the Day: KC Fairfax Federal Credit Union Savings Account Rates at 1.51% APY
Education costs can be incredibly intimidating. College tuition bills can run close to $100,000 a year and don’t include necessities like books or room and board. Education costs can be even more daunting for people who want to send their kids to a parochial or private school.
The government-created Coverdell Education Spending account allows people to place money in a tax-advantaged account, letting money grow and be distributed tax-free as long as depositors meet certain qualifications. Members of the KC Fairfax Federal Credit Union get another bonus, as Coverdell savings accounts at this institution have a 1.51% APY, allowing education money to blossom.
KC Fairfax Federal Credit Union Savings Account Rates: Terms and Conditions
The 1.51% APY is available for Coverdell savings accounts that contain up to $5,000.
About KC Fairfax Federal Credit Union
Membership is open to anyone who lives, works, worships or attends school in Wyandotte County, Kan. Wyandotte County contains Kansas City and several smaller, surrounding communities. An initial deposit of $5 is needed for membership.
Click here to find other competitive savings account rates today.
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.