Locations | Contact Us | Careers Search Personal Banking Business Banking Commercial Banking About Northrim Education Savings Accounts Main Save for learning A Coverdell Education Savings Account (ESA) allows you to make nondeductible contributions on behalf of a child each year until the child reaches age 18. The earnings generated on the ESA contributions remain tax-deferred while held in the ESA. Then when a child uses ESA assets to pay for qualified education expenses, the contributions and the earnings are distributed tax-free. Interest is tax free, as long as funds are used for qualified educational expenses Can be used for elementary school through the college years for any qualified educational expense Three tiers of interest allow you to earn more interest as your balance grows. View Rates Only $100 required for opening deposit Make up to three debits per quarter1 Contact Us 1Excess transaction fee (more than three debits per quarter) $25.00 per debit Branch/ATM Locations Security & Privacy Center Affiliate Marketing Opt-Out Get Adobe Reader CALL US: 907-562-0062 OR 1-800-478-2265 ROUTING NUMBER: 125200934 SITE MAP CONTACT DISCLOSURES © Copyright 2021 Northrim Bank