Download the Schwab app from iTunes®Get the AppClose

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 4.2163 out of 5 by 504.
Rated 3 out of 5 by from New Roth IRA My Roth IRA has only been effect for 6 months now, so I am unable to provide a full review of the investments itself. However, the customer service and assistance from representatives of Schwab have been above-average and I am very happy with my choice to invest with Schwab up to this point.
Date published: 2014-08-18
Rated 5 out of 5 by from Easy to use, great service All the things that annoy me about other banks: hidden fees, convoluted websites, the continual pushing of paperless deliver or credit cards, long service wait times, inflexible rules, are absent here. This is a great, online IRA account. Prompt service, flexible, fully featured, along with great access to research, stats, etc. For instance, once I was having an issue with a transfer from another bank and they actually called the bank with me!
Date published: 2014-08-16
Rated 5 out of 5 by from
Date published: 2014-08-15
Rated 5 out of 5 by from Exactly what our situation requires. We needed a low-cost setup to manage four self-directed IRA's (two Roth, two traditional). Schwab has met that need for two decades. Our capital accumulation and distribution plans dictate our investment strategy, which we spread across all accounts. Two were subject to "substantially equal payments" withdrawals, so are treated very different from the Roths, whose emphasis is on making payments of deductible and tax expenses. They have served us flawlessly through twenty years of early retirement. And really, we can't ask more than flawless service, tuned precisely to our needs. Combined with the banking arm it has met virtually all our financial needs.
Date published: 2014-08-15
Rated 5 out of 5 by from My Retirement Generator Four years ago, I converted my Traditional IRA to a Roth. It was a significant tax bill, but the time was right to make the conversion. Schwab helped me with the transfer. I had about 50 positions in the account and moved each of them to my Roth. There was no charge. I reinvest every dividend and never withdraw funds. The fees are low when I do need to add to a position or sell one. I am up over 60% to date and now have enough to cover most of my retirement needs. The Schwab website is terrific. I especially like the iPad app. It allows me to pull up a chart which very quickly shows all of my positions and their dollar gain or loss, % gain or loss for the day, and also shows me total gains to date for each position. I am very independent in managing this account. I look at it every day, but seldom make a change. I love the Schwab platform and its website. I can get as much help as I want, or none at all. I would recommend the Schwab platform for anyone who has an IRA. Excellent service, low fees, outstanding website, and wonderful customer service.
Date published: 2014-08-15
Rated 5 out of 5 by from Roth IRA/Schwab Checking I'm very satisfied with the accounts I hold w/ Charles Schwab.
Date published: 2014-08-15
Rated 5 out of 5 by from
Date published: 2014-08-15
Rated 4 out of 5 by from
Date published: 2014-08-15
  • 2015-11-25T06:38CST
  • bvseo_cps, prod_bvrr, vn_cps_3.1.6
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_504
  • loc_en_US, sid_1003, PRD, sort_mostRecent
  • clientName_Schwab