Education Savings Accounts
Explore Our Accounts
Education Savings Account (ESA)
Whether you’ve already been on a long-term savings journey, or are just getting started, an ESA will help you grow your education savings tax-free.
Education Money Market Savings Account
With an ESA Money Market Savings Account (MMSA), you can start with a $0 minimum balance— once you've reached a balance of $2,500 you'll start earning higher dividends.
ESA Money Market Savings Account Rates
| Minimum Deposit | APY |
|---|---|
| $0 to $2,499 | 0.00% |
| $2,500 to $9,999 | 0.95% |
| $10,000 to $24,999 | 1.06% |
| $25,000 to $49,999 | 1.10% |
| $50,000 and over | 1.50% |
A $2,500 minimum balance must be maintained to earn dividends.
Education Savings Accounts
All of Navy Federal’s education savings plan are Coverdell ESAs. Learn more about these accounts and how they compare to 529 Plans.
Want More Information About Saving?
Visit our Savings Learning Center for tips, tools and other resources.
Savings Resources
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Savings Rates
Check out our competitive rates on all Navy Federal savings products.
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Certificate Rates
Maximize your savings with a Navy Federal certificate. Take a look at our dividend rates to see what you can earn.
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Add Money to Your Accounts
Our convenient transfer and deposit options make it easy to put your money where you need it to be.
Learn Moreabout Add Money to Your Accounts
Disclosures
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 06/01/2023. Fees may reduce earnings.
↵A $2,500 minimum balance must be maintained to earn dividends on MMSA accounts.
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