Saving for the Next Generation
Whether you’re saving for your child’s, grandchild’s or other eligible young person’s education, an Education Savings Account (ESA) is an investment in future generations. And, Scottrade delivers convenience and value with its Coverdell ESAs, offering no set-up, annual or termination fees and easy online account management features.
Aiming to give a child an even greater head start on adult life? At Scottrade, it’s easy to simultaneously prepare youth for their financial future. Consider opening a Custodial Account as well as an ESA. You can make investments on a minor’s behalf until the child reaches the age of majority, usually 18*. Along the way you’ll gain countless opportunities to teach invaluable lessons about saving and money management.
Investing in a Coverdell ESA
Choose to grow your assets tax-free in a Coverdell ESA, and we’ll reimburse you up to $100 when you transfer your existing account to Scottrade**. Other typical Coverdell ESA benefits include tax-deferred earnings and tax-free distributions.
