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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 663.
Rated 5 out of 5 by from
Date published: 2017-06-10
Rated 4 out of 5 by from
Date published: 2017-06-09
Rated 5 out of 5 by from Investment information; roll over IRA Agent was knowledgeable, competent, very pleasant and courteous. She found the answers to my many questions, listened to what I wanted to say, and found the answers, either in her scope of experience, or by contacting other divisions. I am very impressed with the quality we have received as we use Charles Schwab.
Date published: 2017-06-07
Rated 3 out of 5 by from Great up front, not much after The Charles Schwab agent was great at helping us get all of our accounts consolidated. However, when it came to actually allocating the funds into growing, i cannot get anyone to call me back to make an appointment to help my wife and i do this. So our money has been sitting in the account for over a year and has not grown one cent.
Date published: 2017-06-07
Rated 5 out of 5 by from no hassel great Schwab has always been there when I needed help and guidance in investing and been a great help.
Date published: 2017-06-06
Rated 5 out of 5 by from I have never had any trouble since help is just a phone call away
Date published: 2017-06-03
Rated 5 out of 5 by from fast service schwab is overall excellent customer service.
Date published: 2017-06-02
Rated 5 out of 5 by from
Date published: 2017-06-01
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