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Custodial IRA


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 


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 801.
Rated 5 out of 5 by from Unbeatable Schwab is the best in every aspect of business.
Date published: 2017-11-30
Rated 1 out of 5 by from Where is the sell option hiding? No where on this site am I able to find any tab or heading to sell shares. Tons of bloated headings that probably are rarely accessed, but missing one key element - SELL SHARES. Not sure why I'm investing with Schwab if there's no way to get my funds when I need them.
Date published: 2017-11-29
Rated 5 out of 5 by from Schwabmeets all my requirements with care and professionalism
Date published: 2017-11-28
Rated 4 out of 5 by from Using my accounts, since the most recent changes, is very difficult for someone my age.
Date published: 2017-11-28
Rated 5 out of 5 by from comprehensive services The site is easy to use in many respects; transfer beween accounts, buy or sell stock and view positions. Also, it's 7 am pacific time and I got excellent help with a password issue on a Saturday morning. Swab rocks!
Date published: 2017-11-25
Rated 3 out of 5 by from New format of my investments neither user friendly nor helpful. I just logged in. The new format you have introduced is already annoying me, and I do not know how to find out the purchase dates and other germane information I need regarding my quirky and low yielding account. That, added to the impossibility to get anyone to answer the phone is making me wonder why I dont just move my account. I understand the competition out there is vicious, but if you want to help us make informed decisions out here, please try using your products before you foist them on us. Also try calling your company. If you waited 1/2 hour like I have just to ask a simple question, you will also wonder why we remain loyal to Schwab.
Date published: 2017-11-25
Rated 4 out of 5 by from Excellent Service Schwab has met all my needs for Custodial Service, trading and advice.
Date published: 2017-11-24
Rated 5 out of 5 by from Outstanding! great portfolio has exceeded RMD for 9 years since retirement. Financial adviser has been terrific with all questions and advice. No fees for trades or this help is great!
Date published: 2017-11-23
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