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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 adviser, you should be receiving your recommendation through that adviser.
| ESA Sponsor | Custodian | Account Fee | Minimum Contribution | Account Type |
|---|---|---|---|---|
| Cook & Bynum Fund | U.S. Bank NA | None | $1,000 | Mutual Fund |
| Gabelli Funds | State Street Bank and Trust | None | None | Mutual Funds |
| USAA Investment Management Company | USAA Federal Savings Bank | None | $50 | Mutual Funds & Discount Brokerage |
| 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 |
| 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 | $0 | Discount Brokerage |
| Charles Schwab & Co. | Charles Schwab & Co. Inc. | None | $1,000 or $0 with a $100 per month automatic contribution | Discount Brokerage |

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