UMass Amherst Branch Closed May 20, 2022. Please note our UMass Amherst campus branch will be closed for the remainder of the week. Members are welcome to visit our Hadley Branch for any of your banking needs, and are encouraged to schedule an appointment in advance. As always, our online and mobile banking services remain available for your convenience, which includes the ability to deposit checks using our mobile banking app.
Better rates on higher education
Our Coverdell Education accounts can help you save for your family's future education costs, whether that's for two years, four years, or more!
Earnings (Dividends) are tax-free if they are used to pay for educational expenses.
Low Initial Deposit
With minimum balances starting at $500, you can begin earning a higher rate sooner.
Education Account Rates
|Product||Minimum Balance||Dividend Rate||Annual Percentage Yield|
|IRA Share Account||No Minimum Balance||0.03%||0.03%|
|90 Days Fixed||Over $500||0.03%||0.03%|
|6 Month Fixed||Over $500||0.10%||0.10%|
|9 Month Fixed||Over $500||0.15%||0.15%|
|12 Month Fixed||Over $500||0.20%||0.20%|
|15 Month Fixed||Over $500||0.20%||0.20%|
|18 Month Fixed||Over $500||0.25%||0.25%|
|22 Month Fixed||Over $500||0.25%||0.25%|
|24 Month Fixed||Over $500||0.30%||0.30%|
|29 Month Fixed||Over $500||0.35%||0.35%|
|36 Month Fixed||Over $500||0.40%||0.40%|
|48 Month Fixed||Over $500||0.50%||0.50%|
|60 Month Fixed||Over $500||0.60%||0.60%|
|Rates subject to change at any time. Rates effective as of April 1, 2022.|
Prepare for College!