 Savings | Money Market | Gold |
|---|---|---|
$10 initial deposit | Only $25 initial deposit | Only $25 initial deposit |
Minimum to earn interest is $10. | Minimum to earn interest is $1,000. | Minimum to earn interest is $1,000. |
No monthly fee | $10 monthly fee waived on balances above $1,000 | $10 monthly fee waived on balances above $1,000 |
Only $500 initial deposit. Terms from 3 months to 5 years. Monthly interest payments available for accounts with $10,000 or more. Open at a branch
They'll learn the value of a dollar, play fun games to learn money skills, understand smart financial habits, and much more.
Partner with WaFd Bank to help teach our kids how to save money with a Save at School program!
With a Coverdell Education Savings Account you can contribute up to $2,000 after-tax annually per child. And the best part is, when the funds are withdrawn they're tax-free.
A Coverdell ESA can help you save for a child's education expenses, such as tuition, fees, books, supplies, equipment, and in some cases, room and board. Contributions can be made by family members, corporations, or other individuals until the child reaches age 18. Assets from the ESA can also be transferred or rolled over from one ESA to another ESA for the same child or an eligible family member of the child.
Now that's smart. Apply at a branch near you
 |  |  |
Under 5 | 5-12 | 13-17 |
Set up as a Uniform Transfer Minor Account | Minor and Parent/Legal Guardian open account together | Minor and any adult 18+ years of age can open an account |
| Child's Identification One of the below: - State Issued ID - Passport (US or Foreign) - Green Card OR - Birth Certificate - Social Security Card | Child's Identification One of the below: - State Issued ID - Passport (US or Foreign) - Green Card OR - Birth Certificate - Social Security Card - Student ID | Teen's Identification One of the below: - State Issued ID - State Driver's License or Permit - Passport (US or Foreign) - Green Card OR - Birth Certificate - Social Security Card - Student ID |
Adult Must be at least 18 years old, and a US Citizen or Permanent Legal US Resident and reside in the states of AZ, ID, NV, NM, OR, TX, UT, or WA. Personal information, including address, phone number, email address and Social Security Number. Picture ID, such as a driver's license, state ID, Passport or military ID. | Adult Must be child's Parent/Legal Guardian. Must be at least 18 years old, and a US Citizen or Permanent Legal US Resident and reside in the states of AZ, CA, ID, NV, NM, OR, TX, UT, or WA. Personal information, including address, phone number, email address and Social Security Number. Picture ID, such as a driver's license, state ID, Passport or military ID. | Adult Must be at least 18 years old, and a US Citizen or Permanent Legal US Resident and reside in the states of AZ, CA, ID, NV, NM, OR, TX, UT, or WA. Personal information, including address, phone number, email address and Social Security Number. Picture ID, such as a driver's license, state ID, Passport or military ID. |
Under 5
Set up as Uniform Transfer Minor Account (UTMA) Custodian on the Child's behalf
Adult
Must be at least 18 years old, and a US Citizen or Permanent Legal US Resident and reside in the states of AZ, ID, NV, NM, OR, TX, UT, or WA.
Personal information, including address, phone number, email address and Social Security Number.
Picture ID, such as a driver's license, state ID, Passport or military ID.
5-12
Minor and Parent/Legal Guardian open account together
Adult
Must be child's Parent/Legal Guardian.
Must be at least 18 years old, and a US Citizen or Permanent Legal US Resident and reside in the states of AZ, CA, ID, NV, NM, OR, TX, UT, or WA.
Personal information, including address, phone number, email address and Social Security Number.
Picture ID, such as a driver's license, state ID, Passport or military ID.
13-17
Minor and any adult 18+ years of age can open an account
Adult
Must be at least 18 years old, and a US Citizen or Permanent Legal US Resident and reside in the states of AZ, CA, ID, NV, NM, OR, TX, UT, or WA.
Personal information, including address, phone number, email address and Social Security Number.
Picture ID, such as a driver's license, state ID, Passport or military ID.
