(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 college1
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
Trade more, pay less
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.
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For children with earned income
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Managed by a parent or other designated custodian until the child comes of legal age.
Investing and trading account
Buy and sell stocks, ETFs, mutual funds, options, bonds, and more. Enter code 'BONUS20' and get $600 when you open and fund a new account with $250,000. How it worksd1