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Custodial IRA

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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: $4.95 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 
866-855-5635.

 

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 4.2 out of 5 by 676.
Rated 2 out of 5 by from lost the holding tracker on this account Schwab appears to be taking away features on my account web site. Bad form.
Date published: 2017-07-11
Rated 4 out of 5 by from Too much emphasis on Schwab preferred (e.g., paid ) accounts When I wanted to invest in a fund I have researched, including Morningstar ratings, I had to pay $75 commission. If you really want the customer to enjoy the investing privilege, ALL of your charges should be in the competitive range (say, $8 to $15). If I want to buy anymore of that fund, I will open an account with them directly.
Date published: 2017-07-09
Rated 4 out of 5 by from Portfolio Performance Info There should be more information int the "Portfolio Performance" Section of the website. There should be Mid Cap info in the asset class info, should show where my portfolio is heavy or light by reign if the world ( i.e. North America, South America, Europe, etc.), and etc.
Date published: 2017-07-08
Rated 5 out of 5 by from great selection and prices Schwab let me build my retirement funds to a point so I could retire.
Date published: 2017-07-06
Rated 5 out of 5 by from I really like this company and product ETF. I am keep receiving good financial statements each month.
Date published: 2017-07-04
Rated 5 out of 5 by from
Date published: 2017-07-03
Rated 5 out of 5 by from Great product options; support when needed; low(est) fees I cannot imagine a better vehicle for managing retirement assets than the Schwab IRA. I am comfortable handling most things myself, but any help I need is always quick, knowledgeable and courteous.
Date published: 2017-07-03
Rated 5 out of 5 by from
Date published: 2017-06-30
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