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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 449.
Rated 5 out of 5 by from ease of transfers love the ability to do bank to investment transfers online easily. Safe and secure. thanks.
Date published: 2018-06-29
Rated 5 out of 5 by from
Date published: 2018-06-28
Rated 5 out of 5 by from
Date published: 2018-06-27
Rated 5 out of 5 by from
Date published: 2018-06-25
Rated 5 out of 5 by from
Date published: 2018-06-25
Rated 5 out of 5 by from Low fees, great selection Left one brokerage and immediately began saving $3000 yearly in fees! Had a question and extremely helpful rep provided accurate information and even followed up with a phone call the next business day. Excellent online tools and selection of funds-wish we made the switch sooner!
Date published: 2018-06-23
Rated 5 out of 5 by from Excellent Customer Service I just spoke with Caitlin who helped me set up a moneylink wire transfer. She was very kind, and patient with me. I greatly appreciated her assistance with this matter.
Date published: 2018-06-21
Rated 5 out of 5 by from
Date published: 2018-06-16
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