Schwab 529 Savings Plan
Start an education fund for your children or a family member with a Schwab 529 Savings Plan. You can open and contribute to almost any 529 plan, no matter what state you live in and regardless of your age or income.
Schwab's 529 College Savings Plan offers multiple investment options—each carefully built on Schwab's asset allocation models and comprised of well-known mutual funds from multiple fund families intended to help provide diversification across stocks, bonds, industry segments, and investment styles.1
You can choose an age-based option, which automatically adjusts the asset allocation mix as the child nears college age, or you can choose a static portfolio that sticks with a particular investment strategy based on your goals and risk tolerance.
With both of these options, you can select the type of funds—actively managed or index—that best suits your investing style. Choose an actively managed fund portfolio for a professionally managed investment with the potential to outperform the market, or select an index fund portfolio for a lower cost approach that tracks market performance.
1. Diversification strategies do not ensure a profit and do not protect against losses in declining market
What are the benefits of a Schwab 529 Education Savings Plan account?
With this account, you'll get:
- Tax advantages
- Higher contribution limits than an education savings account
- 24/7 service and support
Learn more about portfolio options, plan performance, or underlying funds.
- Portfolio Options
- Plan Performance
- Underlying Funds
- $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply.1
- No account service fee – The Schwab 529 Plan has no account service fee or enrollment fee. Other account fees, fund expenses, brokerage commissions and service fees may apply.1
- Portfolio fee – The portfolio fee includes a program management fee plus underlying fund expenses. The annual total portfolio fees for the Schwab 529 Plan range from 0.25% - 0.93%, depending on the investment you select.
Review all our account fees and minimums.
1. See the Schwab 529 College Savings Plan Guide and Participation Agreement for comprehensive details on fees and expenses.
Have questions about the Schwab 529 College Savings Plan? Here are responses to some of the most common questions we hear. If you have a question about your specific situation that is not answered here, please call us at 888-903-3863.
- How do I contribute to and make changes in my account?
- Do I have to live in a state to participate in that state's 529 plan?
- What happens if my child decides not to go to college or can’t use all the funds?
- Will a 529 plan affect my child’s ability to qualify for financial aid?
- Can I transfer my child's existing custodial account (UTMA/UGMA) into a 529 plan?
It's helpful to have the following information on hand before you begin:
- The Social Security number, date of birth, and address of your designated beneficiary.
- Your Social Security number and date of birth, and the same for any joint account owner.
- If you are setting up automatic deposits, you will need bank account information, including bank routing number, account number, and phone number.
- Planning to fund your Schwab 529 College Savings Plan account from your Schwab brokerage account? Have your Schwab One® account number ready, and be sure that your brokerage account has checking features included. If you don’t have this information, call 888-903-3863 for help.