JHFCU offers the government-defined Coverdell Education Savings Account which offers a way to save for a child on a tax-friendly basis.

Or save for your child’s education at JHFCU without the restrictions of a Coverdell with our Education Savings Account. Costs of elementary, secondary, and college tuition are continually rising, and it’s never too early to start saving! Choose a 3- & 5-year term, earn dividends with one low $100 minimum deposit, and make unlimited deposits at any time.

There is a penalty for early withdrawal during the initial term. Once the initial term has expired, one quarterly withdrawal may be made without penalty.