Education Savings Accounts

Invest in Your Child's future

Make an investment in your child’s future with an ESA from Provident

A Coverdell Education Savings Account (ESA) allows you to save for a child’s higher education and take advantage of possible tax benefits. Provident offers two types of ESA products with great rates and the flexibility to start saving any time.

ESA Term Share Certificates

Term share certificates224 are the credit union industry's versions of certificates of deposit (CDs). They have a fixed and variable interest rates and a fixed date of when you can withdraw the funds. Tiered rates are available on most of our certificates, giving you the ability to earn higher rates based on the current balance of your certificate. See rates.


  • Fixed rates (on most products)

  • Guaranteed rates of return

  • High competitive yields

  • Multiple term options

  • Bump-up and Add-on options available

  • Low minimum balance requirements

Fixed Rate 12-60 Month ESA Certificates

With a variety of terms and rates to choose from, you can start your risk-free retirement savings now.224 When the term is up, you can roll it over into a different ESA account, or just let it automatically renew at the rate that is current at the time.


  • Flexible terms from 12 - 60 months

  • Federally insured to $250,000 by NCUA

Variable Rate ESA Certificates

Take advantage of good market conditions with a variable rate ESA certificate.224 Earnings are tax-free if the account is open for five tax years and withdrawn for a qualified reason. See rates.


  • Available in 24 and 36 month terms

  • You can add deposits of any amount, at any time, up to a maximum of $1,000,000 without affecting your term135

  • Federally insured to $250,000 by NCUA

Add-On ESA Certificate

Add deposits of any amount — anytime! This fixed rate account is a great gift idea, and a smart way to save with automatic payroll deduction. Deposits that raise the balance into the next tier will increase the rate, allowing your money to grow even faster.


  • 24-month term

  • Add deposits of any amount, at any time, up to a maximum of $1,000,000 without affecting your term135

  • Federally insured to $250,000 by NCUA

Bump-Up ESA Certificate

This savings certificate224 allows you to step up to a higher rate.225 If we advertise a higher rate for this ESA certificate, you can request whatever rate is current, one time, any time during the term of the certificate, and we'll apply it to the remaining term. Just let us know. See rates.


  • Step up to a higher rate if advertised one time during your term

  • 24-month term

  • Federally insured to $250,000 by NCUA

ESA Savings Account

With this account, you can make contributions of any amount, any time throughout the year. This is our most liquid Coverdell Education Savings Account (ESA), and a great way to start if you don't yet have enough for the minimum balance of a certificate. See rates.


  • Withdraws for qualified educational expenses are tax free145

  • ​Federally insured to $250,000 by NCUA

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