If you had a dollar for every time someone told you how fast your kids were going to grow up, you probably wouldn’t need a college savings plan. The truth is, they’ll be ready for college before you know it. We’ll work with you to help make sure you’re ready too.
Coverdell Education Savings Accounts (CESA) are tax-favored accounts created to help save for an individual’s education expenses. Distributions for qualified education expenses are federal income tax free.
FDIC Insured Safety. Bank Mutual has been keeping our depositors' money safe since 1892. Deposits are insured by the FDIC up to $250,000 per depositor. Additional FDIC protection of up to $50 million is available through CDARS. Click here for more information on CDARS.
We make it easy to save. You can set up automatic transfers from your checking or savings to money market account. You can also make transfers from your money market account to your other Bank Mutual accounts. For example, pay a Bank Mutual mortgage loan or cover transactions in your Bank Mutual checking account.
• Access your Educational Savings 24/7 with Online Banking or 'Round the Clock Telephone Banking.
• Enroll your Educational Savings in e-Statements for your convenience and safety.
Other Savings Options
Also see our CDs, IRAs, and Money Market Accounts
Bank Mutual Deposit Account Rules