Vanguard Coverdell Education Savings Account

Introduction
Vanguard offers low cost Coverdell Education Savings Accounts (ESAs) for indivduals wishing to save for educational expenses. Among the specific features of the Vanguard ESAare 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 Flagship, Voyager Select, and Voyager investors, as well as for investors selecting e-service for the account.