Understanding Coverdell ESAs

A thorough explanation of one of the least-understood investment vehicles around, the Coverdell Education Savings Account.

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.