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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 4.2298 out of 5 by 544.
Rated 2 out of 5 by from
Date published: 2014-08-25
Rated 3 out of 5 by from
Date published: 2014-08-25
Rated 4 out of 5 by from
Date published: 2014-08-24
Rated 5 out of 5 by from Closing in on Retirement I have been a Schwab IRA and personal savings client for over 20 years. I have used them to accumulate my needs for retirement. The online research helped me to pick good, solid mutual funds that have a long term record for return. Now that I am approaching retirement, I am very glad I started with Schwab as a saver/investor.
Date published: 2014-08-24
Rated 4 out of 5 by from Long term view I have had a Schwab IRA since the IRA law was first passed back in the 1970s. I got it because it had low or no annual fees, which was not nearly as common back then as it is now. The Schwab IRA has just about all the features one would want in an IRA: no annual fee. essentially unlimited investment choices, and a reasonable amount of research advice availability. I look forward to making withdrawals from my IRA in a few more years.
Date published: 2014-08-22
Rated 3 out of 5 by from Investment Options My experience with Schwab IRA would be much improved if there was a way to automatically rebalance investments in my portfolio. Also, target retirement funds with competitive expense ratios and fees should be made available to IRA investors. I have a 401k with Schwab and low-cost target retirement funds are available but the same funds have high fees in the IRA accounts.
Date published: 2014-08-22
Rated 5 out of 5 by from grows Foster than mandatory withdrawals At 82 years old I appreciate that my IRA is growing in spite of yearly mandatory withdrawals....can't get better than that>>
Date published: 2014-08-22
Rated 5 out of 5 by from Still happy after 20 years with Schwab Happy with everything at Schwab. I have received fast response to internet questions, telephone calls, in person visits, etc. Schwab offers free seminars to expand your knowledge and experts to help you decide what is best for your particular situation. Monthly statements and communications with Schwab are clear and useful. Schwab doesn't nickel and dime your account with assorted fees as some discount brokers do. I have recommended Schwab to many friends and relatives.
Date published: 2014-08-22
  • 2015-09-02T06:36CST
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