Investing with Midas is easy. Just fill out an account application and mail it with your check to Midas.
OPEN A MIDAS EDUCATION OR HEALTH SAVINGS ACCOUNT |
 Coverdell Education Savings Accounts (ESA) Application Frequently Asked Questions
An education
savings account (ESA) is a plan set up and
managed by a parent or guardian for a minor.
Amounts deposited in the account can grow tax-deferred until
distributed, and the child will not owe tax on any withdrawal
for qualified primary, secondary and/or higher education expenses.
Health Savings Accounts (HSA) Application Frequently Asked Questions
A Health Savings Account (HSA) is a new, portable, savings account
that allows you to set aside money for health care tax-free. You must
have high deductible health insurance to open an HSA. Different
from other benefit products, an HSA rolls over from year to year
(there is no “use it or lose it”), interest is paid, money can be
invested in mutual funds, and it is owned by you, not your employer.
Transfer Forms
Convert your other plans into your Midas Fund plan, arrange a distribution, or add or change a beneficiary to your account.
IMPORTANT: In compliance with the USA PATRIOT Act, Federal Law requires all
financial
institutions (including mutual funds) to obtain, verify, and record
information that identifies
each person who opens an account.
WHAT THIS MEANS FOR YOU: When you open an account, we must get your
name,
address, date of birth, and other information that will allow us to identify
you. We may also
ask for additional identifying documents. The information is
required for all owners, co-owners,
or anyone authorized to sign or transact on
behalf of a legal entity that will own the account.
We will return your application
if this information is missing. If we are unable to verify this
information, your
account may be closed and you will be subject to all applicable costs.
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