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Education Savings Account

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Ideal as a supplement to a 529 plan, an education savings account (ESA) helps you pay for education expenses from kindergarten through college, and withdrawals are tax-free when used for eligible expenses.

What are the fees and commissions?

  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply.1 
  • Minimum required to open an account: $1,0002
  • Commissions: $8.95 per online trade;3 $0 per Schwab ETF online trade in your Schwab account4

What are the benefits of an education savings account?

Every Schwab account comes with investment help and guidance. With this account:

  • Account earnings can grow tax-deferred.
  • Withdrawals are tax-free when used for qualified education expenses.5
  • Contributions can be made to an ESA and a 529 plan for the same beneficiary in the same year.

Ready to get started?

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Need help? Call
866-663-5247.

Take the next step.

Open an Education Savings Account today.

Download Application or call 866-663-5247.


Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.