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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 861.
Rated 5 out of 5 by from
Date published: 2018-02-01
Rated 5 out of 5 by from not respomsive i talked to an associate, i put a question in the search box but no letter tab appeared.
Date published: 2018-01-31
Rated 5 out of 5 by from Excellent Service! I always receive top notch service when dealing with Schwab Reps. Very polite, knowledgeable and a pleasure to deal with!
Date published: 2018-01-31
Rated 5 out of 5 by from Rods review Schwab has been a great help to me and I will be contacting Schwab Retirement Service soon for more information
Date published: 2018-01-30
Rated 2 out of 5 by from not happy \\\\\\\\\\\\\schwab has failed to send me instructions on how to set up trailing stops. I am an old woman and need the how to instruction in print. have talked to two of your reps, and ask them to request the info be mailed, to my address, nothing yet
Date published: 2018-01-30
Rated 5 out of 5 by from ease of use great features and customer service.
Date published: 2018-01-30
Rated 1 out of 5 by from terrible customer service would not recommend CS had very bad experience
Date published: 2018-01-29
Rated 5 out of 5 by from Easy to use! Many products available, easy to trade, available agents to talk with and good tools like the Portfolio Tool where you can include assets from outside accounts. Since I have managed my own accounts, I can only give this review for independent traders. In the past, I have also used Schwab Mortgage Services which were excellent and offered a very good loan rate.
Date published: 2018-01-26
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