Education Savings Account

Start saving for college or private school costs.

Our Education Savings Account (ESA) earns high marks with families

The high cost of higher education and many private schools, whether in Baltimore, MD, or beyond, requires a good savings strategy and savings account for your student. 

Contribute up to $2,000 per student annually
Earn competitive dividends on deposits
Enjoy a variety of tax benefits*
Use funds for tuition, fees, books, supplies, and more

A MECU Credit Union Education Savings Account can help you set aside money your young scholar needs to follow their educational path.

  • All annual dividends are tax-exempt
  • All qualified withdrawals are tax-free
  • Anyone can contribute to a student's education account – family, friends, etc. 
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Earn More with Everyday Checking

Make the most of your daily spending while earning rewards on your everyday purchases.

Saving for school? Start here.

*Consult a tax advisor for details.