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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 621.
Rated 5 out of 5 by from
Date published: 2016-12-23
Rated 5 out of 5 by from 30+ years of outstanding service, low costs, and reliability Over my working life, I've had 401k accounts with other brokerage/financial institutions. But none have provided the level of service that Charles Schwab has given me for over 3 years. Great customer service, reliable systems, full range of investments, and excellent value.
Date published: 2016-12-22
Rated 5 out of 5 by from easy to navigate At least 15 years of satisfaction
Date published: 2016-12-12
Rated 4 out of 5 by from
Date published: 2016-12-12
Rated 5 out of 5 by from MANAGING IRA'S I HAVE HAD IRA'S WITH SCHWAB FOR MANY YEARS AND I AM HAPPY THAT THEY MANAGE THEM TOTALLY..
Date published: 2016-12-10
Rated 5 out of 5 by from Easy of access / Great research Extremely easy to access account information. Very user friendly trading. Generally excellent call-in center assistance is available. Call-in assistance is available 24/7
Date published: 2016-12-09
Rated 1 out of 5 by from
Date published: 2016-12-08
Rated 5 out of 5 by from Fantastic website and tools The website is clean, easy to use, and has many great researching tools.
Date published: 2016-12-06
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