IRAs: Account Maintenance Fees
You may encounter this fee—often $20 or more per year—when you open a new IRA or have an IRA balance below $10,000, says Greg McBride, chief financial analyst at Bankrate.com. But there are plenty of brokerage firms and mutual fund companies that do not charge a fee, and others will waive it if you sign up for e-mail delivery of account statements, maintain a certain minimum balance or make a specified number of trades per year.
Fidelity, Charles Schwab and TD Ameritrade don’t charge a maintenance fee for their IRAs. Vanguard charges a $20 annual fee for accounts with less than $10,000 but waives the fee if you sign up for e-delivery service for statements, notices and confirmations.
