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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 769.
Rated 5 out of 5 by from Great features Met needs
Date published: 2017-09-30
Rated 5 out of 5 by from trustworthy and helpful When I began with Schwab, they weren't the best. In the past two years, I must say they are the best company I've found to do business with. Their people, prices, products... I appreciate them.
Date published: 2017-09-30
Rated 5 out of 5 by from
Date published: 2017-09-29
Rated 5 out of 5 by from
Date published: 2017-09-25
Rated 4 out of 5 by from Great choices of low cost funds. Fund choices
Date published: 2017-09-25
Rated 1 out of 5 by from NO HELP Asked for suggestions to earn 6%; no help.
Date published: 2017-09-24
Rated 1 out of 5 by from no help , no communication , poor customer service very little
Date published: 2017-09-21
Rated 5 out of 5 by from
Date published: 2017-09-19
Rated 5 out of 5 by from Easy to find info and execute transactions Like the site. Have years of experience w/Schwab... recommended to kids and grandkids.
Date published: 2017-09-19
Rated 1 out of 5 by from Terrible Broken Product: Schwab and Checking Apparently, an additional Schwab One account initially created failed, but instead of returning money and closing the accounts, they kept them "open" for years, and terrible IRA account auto-investments with sub-index returns. The attempts to reallocate and change investments were always buggy, or incomplete, with extreme difficult to find simple cheap broad market index fund replacements. What is worst is that the Schwab.com website AND many multiple calls to Customer Support, across many different departments and days, NEVER communicated that the accounts were "invalid." Instead, attempts to set up an external linked checked account was REFUSED BY SCHWAB BANK to my external bank, which was so weird to them that they (external bank) placed a security hold against possible fraud. But still after multiple calls, wherein I was OFFERED a fix to apply a MANUAL voided check linked account configuration, did a final "Customer Verification Research Department" finally be the FIRST in YEARS (3+) that this was an Invalid account that should not exist because some issue with an EXPERIAN credit check in 2014 (with Experian being the unreliable, unsecure, terrible consumer credit monster).
Date published: 2017-09-16
Rated 5 out of 5 by from Good IRA account. Never had a problem with Schwab.
Date published: 2017-09-12
Rated 4 out of 5 by from IRA with mandatory withdrawals Schwab does well for research and trading. Meets all my needs for an asset statement (Balance Sheet). Falls way short for maintaining a projected income statement. Cash flow planning is very difficult because you do not offer Est. Annual Income by the security for all securities in a portfolio. Total Return monitoring must be done on my own spreadsheet. Takes several hours every month. I have mentioned to my acct mgr. If there is no change, I will be moving to an online brokerage that does. We moved my wife's acct from one that does to Schwab and she is lost without an estimated income summary. It has been one of her most reliable benchmarks for nearly 30 years.
Date published: 2017-09-12
Rated 4 out of 5 by from
Date published: 2017-09-12
Rated 5 out of 5 by from
Date published: 2017-09-11
Rated 4 out of 5 by from Great Brokerage Firm I have always had great experience at Charles Schwab. I had my retirement account with them for a few years now. The only thing is the outrageous fees. I'm glad they lowered them from $8.95 to $4.95. I remember in early 2015 I phoned in an investment. I had to pay $13.95 for the commission, which is a lot. But I'm hoping they can reduce their commission costs.
Date published: 2017-09-10
Rated 5 out of 5 by from Efficient service Information updated timely.
Date published: 2017-09-05
Rated 5 out of 5 by from
Date published: 2017-09-02
Rated 5 out of 5 by from
Date published: 2017-08-31
Rated 5 out of 5 by from Solid! Never had any issues, all the information and more is there for all levels of investors. Excellent access to friendly and knowledgeable Customer Service.
Date published: 2017-08-31
Rated 5 out of 5 by from Easy to use Easy to deposit, easy to use research online and easy to buy and sell online at any time of the day.
Date published: 2017-08-25
Rated 5 out of 5 by from changing my IRA investment Due to the closure of my investment mutual fund I had to chose another fund
Date published: 2017-08-23
Rated 1 out of 5 by from bad bad online support
Date published: 2017-08-22
Rated 5 out of 5 by from
Date published: 2017-08-22
Rated 5 out of 5 by from
Date published: 2017-08-20
Rated 3 out of 5 by from Nice online interface, good bond department, relatively high commission structure The transaction fees for buying outside mutual funds are excessive. I can buy the same funds for free elsewhere, and may just transfer this account to be able to do so.
Date published: 2017-08-18
Rated 5 out of 5 by from security for life. schwab is the best!
Date published: 2017-08-17
Rated 3 out of 5 by from I've been using Schwab for many years because it's easy to navigate. Each new "improvement" makes it more difficult and makes me want to explore other companies. Keep it up and you eventually will lose my business.
Date published: 2017-08-16
Rated 4 out of 5 by from
Date published: 2017-08-15
Rated 4 out of 5 by from
Date published: 2017-08-12
Rated 5 out of 5 by from
Date published: 2017-08-11
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