(Education Savings Account)
Invest in a child's future
- Save for kindergarten through graduate school
- Earnings are tax-deferred
- Withdrawals are tax-free for qualified educational expenses
up to $2,000/year
average annual costs for attending an in-state public college2
Features of a Coverdell ESA
Anyone with earned income that doesn't exceed income limits (under $110K for single filers and under $220K for joint filers) is eligible to contribute to a Coverdell ESA
The plan offers federal tax-free withdrawals on qualified education expenses
A full range of investments
Participants’ portfolios can include stocks, ETFs, bonds, mutual funds, and options
No annual fees and no account minimums
Transaction fees, fund expenses, brokerage commissions, and service fees may apply
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With E*TRADE, you pay $0 commission for online stock, ETF, and options trades. Here’s a quick overview of our clear, competitive per-trade pricing.
Explore similar accounts
IRA for Minors
For children under 18 with earned income
A Traditional or Roth IRA, managed by a parent or legal guardian for the benefit of a minor who has earned income.
Help build a child’s future
An account managed by a parent or other custodian for the benefit of a minor.
Invest in what you want, whenever you want
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