Vanguard Coverdell Education Savings Account

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 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 Flagshjp, Select Voyager, and Voyager investors, as well as for investors selecting e-service for the account.