(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
Trade more, pay less
With E*TRADE, you pay a $6.95 commission for stock and option trades. Here’s a quick overview of our clear, competitive per-trade pricing.
$4.95 with 30+ trades per quarter3
$4.95 with 30+ trades per quarter,3 pay $0 commission on more than 200 ETFs4
no load, no-transaction fee for more than 4,400 funds5
for online secondary market trades ($10 minimum, $250 maximum)6
50¢ - 75¢
per contract; plus $4.95 - $6.95 commission3
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
Take on the market with our full suite of investments, along with E*TRADE's innovative tools, people, and experience.