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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 apply.1
  • $0 account minimum.
  • Commissions: $4.95 per online equity trade;2 $0 per Schwab ETF online trade in your Schwab account.3

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 4.1 out of 5 by 472.
Rated 5 out of 5 by from great customer service website Schwab met all my requirements and answsered my questions
Date published: 2018-10-01
Rated 5 out of 5 by from Easy to use Schwab is by far the best product available to use on the internet. I am very satisfied to have my IRA managed by Schwab. They keep the responsibility with me and make it easy to trade, buy, or research accounts.
Date published: 2018-09-20
Rated 1 out of 5 by from No one wants to finish my IRA I had one guy help me establish an account but he turned me over to a local rep that disappeared.
Date published: 2018-09-12
Rated 4 out of 5 by from So far so good
Date published: 2018-09-06
Rated 1 out of 5 by from Bad Website I have been a Schwab customer for many years and have always been a big fan. This web site is making me crazy however. I am helping a family member set up a Roth IRA. I simply want to print our a copy of the application form so, my family member can get their info together to submit an on line application to set up an account. I find the form easily, but it is impossible to print out. The form has two spots labeled "print". Clicking on either will result in no action, or will cause the schwab logo to print out and then stop. Why can't the system work?
Date published: 2018-09-04
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