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COVERDELL ESA

Coverdell ESA Providers

We have assembled this list of low-cost Coverdell Education Savings Accounts (ESA). To be included on this list, the annual maintenance cost charged by the ESA must be $10 or less. We also prefer, but do not require as a condition of being on this list, that the ESA have low minimum contribution requirements. If you know of an ESA that belongs on this list, please send us an email with the name of the ESA sponsor and a hyperlink to the application. Please note that ESAs sold through brokers are not included on this list. If you are working with a financial advisor, you should be receiving your recommendation through that advisor.

ESA SponsorCustodianAccount FeeMinimum ContributionAccount Type
Gabelli Funds State Street Bank and Trust None None Mutual Funds
Madison Mosaic Funds U.S. Bank NA Waived with automatic contributions (otherwise $12.50 - $25) $100 per month with auto contribution Mutual Funds
Mairs and Power Funds U.S. Bank N.A. None $1,000 Mutual Funds
Janus State Street Bank and Trust None $1000, or $500 with a $100/mo automatic contribution Mutual Funds
Oakmark Funds State Street Bank and Trust $5 installation and $7/year $500 per fund Mutual Funds
TIAA-CREF State Street Bank and Trust None $2,000 Mutual Funds
T. Rowe Price T. Rowe Price Trust Company $10/year, waived with $5,000 balance $1,000 per fund, or $50/mo. automatic contributions Mutual Funds
E*Trade Not Determined None if electing online statements $1,000 Discount Brokerage
Scottrade Scottrade, Inc. None $500 Discount Brokerage
TD Ameritrade Ameritrade, Inc. None $1,000 Discount Brokerage
Charles Schwab & Co. Charles Schwab & Co. Inc. None ($20 if account balance is below $2,000) $2,000 Discount Brokerage