Acadia Education Savings Accounts (ESA)
Between books, supplies, and tuition, education costs can be steep. A Coverdell Education Savings Account (ESA) is tax-free and you can withdraw money at any time for educational expenses.
Give your child the gift of educational opportunities.
A Coverdell Education Savings Account (ESA) is a smart way to save for a child’s education. This tax-advantaged account allows you to set aside funds for qualified education expenses, including tuition, books, supplies, and even some K-12 costs.
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Tax-free withdrawals for education expenses
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Anyone can contribute
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Withdraw funds at any time
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Dividends earned are paid on a monthly basis
To open an ESA for someone, they must be 18 years old or younger. You can choose from certificate terms of six months to five years. Withdrawals are tax-free and penalty-free when used for qualified education expenses.
Your Coverdell ESA funds stay with us—we don’t outsource our service to other institutions. If you need access to your money, we can issue a check on the same day for your convenience.
Start saving early and give your child the gift of educational opportunities with a Coverdell ESA!
Acadia is there when other financial institutions aren't. They will actually take the time and work with you to help you out. Besides that, the staff really goes out of their way to make sure I leave with the best experience possible.
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Rates
Savings Account Rates
| Account Type | Dividend Rate | APY* |
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Prime Savings |
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Custom Savings |
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Monty Moose |
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Christmas Club |
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Super Saver Tier I
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Super Saver Tier II
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Acadia Star Money Market Tier 1
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Acadia Star Money Market Tier 2
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Acadia Star Money Market Tier 3
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Acadia Star Money Market Tier 4
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Health Savings Account (HSA) |
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HSA Super Saver Tier 1
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HSA Super Saver Tier 2
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Rates effective as of: March 25, 2025
*APY = Annual Percentage Yield. All rates are subject to change without notice.
†When qualification and minimum balance requirements are met
**Super Saver, Acadia Star Money Market, and HSA Super Saver accounts are compounded daily and credited monthly. These are "Tiered Rate" accounts. For these accounts, the specified dividend rate for a tier will apply only to the portion of the account balance that is within that tier. The range of annual percentage yields, which vary depending on the balance in the account, are shown for each tier.
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