Download the Schwab app from iTunes®Get the AppClose

  • Find a branch
  • Chat
To expand the menu panel use the down arrow key. Use Tab to navigate through submenu items.

Accounts & Products
Questions? Get answers now. Live Chat.

Custodial IRA


If you're the parent of a child who has earned income, a Custodial IRA can be a great way to teach the value of saving and investing. Besides getting a head start on saving, your child may be able to use the funds for college expenses—or even to buy a first home.

What are the fees and commissions?

  • $0 account open or maintenance fees. Other account fees, fund expenses, and brokerage commissions may apply1
  • Account Minimum: $100
  • Commissions: $8.95 per online trade;2 $0 per Schwab ETF online trade in your Schwab account3

What do I get with this Custodial IRA?

Every Schwab account comes with one-on-one investment help and guidance. With this account, you’ll also get:

  • Your choice of a Roth IRA or Traditional IRA
  • Control of the account until your child turns 18 (or 21 in some states)
  • Penalty-free withdrawals for qualified higher education expenses
  • Retirement planning tools and resources in Understanding IRAs
  • 24/7 service and support

Ready to get started?

Download Application 

Need help? Call 


See client reviews 

Take the next step.

Open a Schwab Custodial IRA today.

Download a Custodial IRA application.

Or call 866-855-5635.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges, and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Individual Retirement Account is rated 4.211920529801325 out of 5 by 604.
Rated 5 out of 5 by from
Date published: 2016-09-12
Rated 4 out of 5 by from Linking IRA account to external accounts I was broaching the time in retirement where I i was at a point in my retirement where i want to take out monthly income distibution to an external account. I first went to the money link to set up the new account. When I tried on line it wouldn't let me link online. So I tried chat. The agent told me I had to set up via a form and fax back. She sent me the IRA distribution form which I started filling out but it was looking for specific distribution information which I wasn't ready with. So I called schwab, the agent on the phone walked through the steps of connecting the IRA account with the external account I already set up (via my spouses account). That seemed to be the problem is the account is associated to the profile. So now set up and I can either do one time or recurring distributions also indicating taxes to be withheld.
Date published: 2016-09-07
Rated 5 out of 5 by from Roth IRA Several years ago we decided to move some of our regular IRA money into Roth IRAs. We completed the transaction over a period of several years to spread out the taxes. The process was simple and now we have a portion of our retirement money that has been growing tax free and will be available for when we need it. The taxes on our RMDs are now lower because we reduced their value but kept and increased our IRA savings.
Date published: 2016-09-06
Rated 5 out of 5 by from IRA conversion to Roth IRA I decided to roll over a couple of holding in an IRA account over to a Roth IRA for the current tax year. I contacted my local Schwab financial advisor who helped guide me through the process. I think in future tax years I'll be able to do this on my own, but I very much appreciated the personal assistance from Schwab for this 'first time' conversion.
Date published: 2016-09-06
Rated 4 out of 5 by from There are a lot of products avalable stock, wide range of mutual funds, bonds, CDs
Date published: 2016-09-06
Rated 5 out of 5 by from Resolved a problem with my tax return While putting my taxes together for the previous year, I discovered to my horror that my wife and I contributed to her IRA when she was not eligible to make a contribution. I immediately called a Schwab IRA representative to find out what I needed to do to remedy this gross error on my part. We were on the phone for over 30 minutes and he expertly and clearly explained what needed to be done and the steps I needed to take to resolve the over payment to my wife's IRA. Those 30 some odd minutes immediately calmed my nerves and I was now confident this problem with our tax return could be easily resolved.
Date published: 2016-09-04
Rated 5 out of 5 by from Great Service I have been with Schwab probably for about 40 years and I've always had a great experience with them. I always felt that they really cared about me and my money and weren't just trying to sell me something. Over the years I've learned so much about investing from Schwab, for which I thank them very much.
Date published: 2016-09-02
Rated 5 out of 5 by from Super Service I wanted to consolidate my IRA's and needed to transfer two to Schwab. It was so easy. Filled out the forms and they took it from there. Great job
Date published: 2016-09-02
  • 2016-10-19T06:16CST
  • bvseo_cps, prod_bvrr, vn_cps_3.4.0
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_604
  • loc_en_US, sid_1003, PRD, sort_mostRecent
  • clientName_Schwab