- Grow savings tax-free
- Use for qualified K-12 and higher education expenses
- Supplement with a 529 Plan
Explore Our Accounts
Perfect for early and long-term savers, a Navy Federal Coverdell Education Savings Account (ESA) allows you to earn dividends and grow your education savings tax-free.
With an ESA Money Market Savings Account (MMSA), you get all the perks of a basic savings account but with higher rates—meaning the greater your balance is, the greater your earnings will be.
ESA Certificates allow you to craft your education savings plan by earning at a locked-in rate for your choice of term length.
College Savings AccountsUnderstand the difference in college savings tools with our comparison of ESAs, 529 Plans, Custodial Accounts and Prepaid Tuition.Learn Moreabout College Savings Accounts
College Savings CalculatorDevelop or fine-tune your education savings plan with our College Savings Calculator.Learn Moreabout College Savings Calculator
Savings RatesExplore and compare dividend rates of all Navy Federal savings products.Learn Moreabout Savings Rates
Consult with your tax advisor.↵
Contributions can be made up to the maximum annual deposit amount of $2,000 per child per year.↵
Rates on variable accounts (e.g., Share Savings, Checking, MMSA) may change after the account is open. This APY is accurate as of 01/20/2021. Fees may reduce earnings.↵
A $2,500 minimum balance must be maintained to earn dividends.↵
This APY is accurate as of 01/20/2021. This APY is an annualized rate that reflects estimated earnings based on the dividend rate and frequency of compounding. Dividends compounded daily, credited monthly. Penalties may apply for early withdrawals from certificate accounts. Offering rates may change.↵
Nondeposit investment and insurance products are offered through Navy Federal Financial Group, LLC (NFFG) and through its subsidiary, Navy Federal Brokerage Services, LLC (NFBS), a member of FINRA/SIPC and an SEC registered investment advisory firm. Brokerage and advisory products are offered through NFBS. These products are not NCUA/NCUSIF or otherwise federally insured, are not guaranteed or obligations of the credit union, are not offered, recommended, sanctioned, or encouraged by the federal government, and may involve investment risk, including possible loss of principal. 1-877-221-8108. Trust Services available through MEMBERS Trust Company. 1-855-358-7878.↵