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Whether your child is just a toddler or already in college, the rise in the cost of living is making it harder to pay for college. Now is the time to start looking into ways to finance your child’s education and at MCU we offer you three products that can help:
MCU’s Youth Involvement Program – MCU’s Smart Apple (birth – 12 years old) and Future Investors (13 – 21 years old) savings accounts earn excellent dividends and give your children an early start on learning the value of saving. Start one with as little as $10!
Coverdell ESA (Educational Savings Account) – This account allows parents, grandparents and guardians to contribute up to $2,000 per year towards your child’s future education expenses. The money you accumulate may be withdrawn tax-free when it’s used for qualified education purposes any time before the beneficiary reaches age 30.
Deposit Plus Share Certificate – MCU’s 18-month Deposit-Plus Share Certificate lets you earn high dividends at a level you can afford. Just $250 is all you need to open your account and you can make additional deposits of just $50 or more every month through direct deposit or automatic payroll deduction.*
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