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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: $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 
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 4.220070422535211 out of 5 by 568.
Rated 5 out of 5 by from Great in every way! I've been a Schwab customer for over 30 years and have NEVER been disappointed! Their service is great and available 24/7/364.
Date published: 2016-05-02
Rated 1 out of 5 by from No Retirement Review Offered I was with Schwab for many years. The webpage offered a complimentary retirement review. When I called I was told that was only for managed accounts despite the fact I had a substantial sum at Schwab. I needed guidance and had to leave Schwab to receive it at a competitor.
Date published: 2016-04-28
Rated 1 out of 5 by from Why are we rating a roth ira? Typical Schwab product - you buy it and you are on your own. Oh, I did get a phone call soon after opening it, some guy that sounded and acted like NY Mafioso, asking where I was going to get the money to fund it, now.
Date published: 2015-11-13
Rated 5 out of 5 by from Website is first-rate. Have moved from other online brokerages because this site the easiest and most complete for me. Tying in a checking account means I have all my financial transactions at same place to avoid confusion and accelerate transfers and review buys and sells. I love Schwab! J
Date published: 2015-09-28
Rated 5 out of 5 by from I am doing AOK I have been with Schwab for 0ver 30 years. Even before I open Schwab accounts, I knew and was convinced that no broker will be there to make my financial decisions for me. I never wanted them to. So I learned to invest myself. Contrary to common thinking, I don't think I spend lot of time doing it. Even when I was working full time as a busy doctor, I was investing myself. On and of I need some technical advises, I get it from Schwab without any problem. All in all I am very happy I have been with Schwab in the last 30+ years. I have been listening to MR Schwab's advise since the beginning of my investing activities: "have faith in the market."
Date published: 2015-07-04
Rated 5 out of 5 by from Easy Account-opening for 401k Transfers The process was simple and easy when I moved my employer 401k over to a Schwab IRA.
Date published: 2015-06-19
Rated 1 out of 5 by from Condescending, patronizing, stonewalling If this is what you like when you call the 800 number, go with Schwab
Date published: 2015-06-16
Rated 5 out of 5 by from I'm a raving fan I started with Schwab as a rookie investor about 20 yrs ago with $5000 to begin my investment journey. I now have a seven figure retirement nest egg in a variety of Schwab retirement accounts. They have grown with me, I love the Schwab ETFs with exceptionally low fees. The website is great and while I'm generally a "self service" gal who loves to make my own investment choices, the Schwab team is always responsive to questions or concerns. I'm a raving fan and very quick to refer friends. I have my main account, my husbands SIMPLE, my rollover IRA, an inherited IRA and a couple non-deductible IRAs. They are able to link all the accounts so I can get a view of my total portfolio including my current employers 401k. I strongly recommend Schwab and plan to keep my money with them forever.
Date published: 2015-03-27
  • 2016-07-28T06:22CST
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