FASTTRACK: Daily Prices | Account Access | Mutual Fund Performance | Contact Us
Education Account Types
There are several types of education accounts.
| UTMA/UGMA Account | Uniform Gift to Minors Act or Uniform Transfers to Minors Act. An UGMA/UTMA account is a type of account in which a donor transfers ownership of an asset to a minor. A custodian is designated by the donor to oversee the account until the minor reaches the age of majority. | Account Application |
| Coverdell ESA Account | A Coverdell Education Savings Account (ESA) is an account specifically designed to pay for the educational expenses of a minor at a future date. With an ESA, an adult serves as the “Responsible Individual” (i.e. custodian) for the “Beneficiary” (i.e. minor). | Coverdell ESA Application |
Other types of accounts can be found by viewing Regular Accounts or Retirement Accounts.