Vanguard Coverdell Education Savings Account

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Introduction

Vanguard offers a low cost Coverdell Education Savings Account for indivduals wishing to save for educational expenses. Among the specific features of the Vanguard ESA are the following:

  • The minimum investment for an ESA fund is $2000
  • The mimimum amount for subsequent investments is $100
  • Special Redemption Fee: $25 per fund per account when fund assets are fully redeemed within three years of the initial deposit
  • Account Service Fee: $20 per year for each Vanguard fund in which you have a balance under $10,000 in an account. This Fee is waived for Flagshjp, Select Voyager, and Voyager investors, as well as for investors selecting e-service for the account.