Download the Schwab app from iTunes®Get the AppClose

Let's chat
Professional answers 24/7
Hi, have questions about your retirement? I can help …
Live chat
 

Custodial IRA

Print
  • Share this page

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 495.
Rated 5 out of 5 by from RMD Easy and simple.
Date published: 2018-11-29
Rated 1 out of 5 by from Incompetent Everything worked great until I had a filing problem. I was misinformed twice. Schwab didn't respond to submissions twice. No one to hold accountable.
Date published: 2018-11-21
Rated 5 out of 5 by from Great low cost investing Super easy interface, great options, and low fees. Makes me feel more in control of my money.
Date published: 2018-11-19
Rated 1 out of 5 by from poor features could not find link to corporate actions/instructions for tender offers. Very poor and highly frustrating.
Date published: 2018-11-15
Rated 5 out of 5 by from Great help when I need it Schwab is full service and meets my requirements for traditional IRA, Roth IRA, bank checking, and bank saving accounts.
Date published: 2018-11-14
  • y_2019, m_2, d_20, h_23
  • bvseo_bulk, prod_bvrr, vn_bulk_2.0.11
  • cp_1, bvpage1
  • co_hasreviews, tv_0, tr_495
  • loc_en_US, sid_1003, prod, sort_[SortEntry(order=SUBMISSION_TIME, direction=DESCENDING)]
  • clientName_schwab