Are there any contribution limits?

Yes. There's a minimum $25 contribution to open an Embark account, and then any subsequent transactions — including contributions, withdrawals, and bank transfers — need to be at least $5 each. Individual online contributions are capped at $19,000 each. Larger contributions can be made by filling out our Contribution Form (PDF).

There is a maximum balance of $400,000 in Embark accounts. Accounts can continue to earn interest beyond the maximum, but no additional funds can be added until the balance dips below $400,000 again. Please note that if you choose to contribute more than $19,000 every year, you may have to pay a federal gift tax.