For investors who want expert service and a trusted name handling their accounts, there is Charles Schwab. For most account types, there is a $1,000 minimum amount required to open an account.
It is free to open a Schwab IRA. While there is a $1,000 minimum investment needed to open an IRA through Charles Schwab, there are no fees charged when you do so. There are no fees for account inactivity or for account maintenance.
|Stock Trades||Options Base||Options Contract||Minimum Deposit||Mutual Funds|
|$8.95||$8.95||$0.75||$1,000.00||$0.00 – $49.95|
- Equity trades conducted online cost just $8.95 each. If you use a Charles Schwab account for an ETF trade, there are no commissions. There are also no ATM fees to access your accounts- even when the ATMs are located internationally.
- Customer support is available 24 hours a day, seven days a week, 365 days a year, and all at no cost. There is also no charge for the mobile investing app or for a personal consultation about your portfolio.
- New clients get a Schwab New Client Concierge to help them set up their accounts, helping with paperwork handling, transferring assets and answering any questions you may have about setting up your account.
- Charles Schwab customers can attend seminars and workshops about investing, and all of these events are free. With local branches located nationwide, there are opportunities for customers to either attend an event or to go to a branch for in-person financial consulting.
Charles Schwab Workshops
The many workshops that are offered by Charles Schwab encompass various levels of investing experience. For those who want to learn more about personal finance, there are Financial Essentials workshops. For those who want to learn about a higher level of financial planning, there are Advanced Investing workshops available. There are more than a dozen of each type, with each featuring a different aspect of investing.
Many retirement planning workshops are available to help people start a retirement account, roll one over or add to their investments already in progress. From saving on taxes to managing your finances during retirement, there are workshops for people at every stage of their retirement planning.
New, updated workshops that teach people about what is currently going on in the market are presented under the Today’s Market series of workshops. To get more out of your Charles Schwab account, there are Tools and Resources workshops. These teach investors how to use the innovative tools on the website to stay informed about how a portfolio is faring and how to expand it when needed.
Charles Schwab Banking
With Charles Schwab, customers can take care of all of their investment needs as well as their personal banking and loans all in one place. This makes things simpler and easier to manage, but it also gives customers an easy way to move money between accounts quickly when needed.
Charles Schwab offers a no-fee, no-minimum savings account to get customers started in saving. A no-fee checking account is also available that has no minimums and no ATM fees. These accounts can be used to fund investments with simple transfers.