Best IRAs

November 21st, 2019

Advertiser Disclosure

Overview

Looking to open an IRA (Individual Retirement Account)? Before choosing what company to open your IRA with, you'll want to compare key details like fees, account minimums, and what special services they offer. Fortunately for you, we've done all the research, sorted through the details, and have created a comparison tool of the best IRA providers available.

Best For:

Low-Cost Investing

Ally Invest Logo

Fees

$0

per trade

Hands
On

Yes

Account
Minimum

Special
Promotion

Up To $3,500

cash bonus + commission free trades for 90 days with a qualifying deposit

Special Pricing:

$3.95 per trade with 30+ trades a quarter or $100,000 minimum balance

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Low Fees

Betterment Logo

Fees

0.25%

management fee

Hands
On

No

Account
Minimum

Special
Promotion

Up to 1 year

of free management when you refer 3 friends

The Bottom Line

  • Low Annual Advisory Fee
  • No Account Minimum
  • Tax-Loss Harvesting

Best For:

Low Fees

Charles Schwab Logo

Fees

$0

per trade

Hands
On

Yes

Account
Minimum

Special
Promotion

$100

cash bonus when you refer a friend

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Socially Responsible Investing

Ellevest Logo

Fees

0.25%

management fee

Hands
On

No

Account
Minimum

Special
Promotion

$50

for Whyze users opening an account through our link

The Bottom Line

  • Get $50 Just For Signing Up Through Whyze
  • Low Annual Advisory Fee
  • No Account Minimum
  • Easy To Use Charts & Tools
  • Socially Responsible Funds Available

Best For:

Resources And Tools

Etrade Logo

Fees

$0

per trade

Hands
On

Yes

Account
Minimum

Special
Promotion

Up To $600

cash bonus + 60 days of free trades with a qualifying deposit

Special Pricing:

$4.95 with 30+ trades per quarter

The Bottom Line

  • Low Fees
  • High Account Minimum
  • Quality Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Selection of mutual funds

Fidelity Logo

Fees

$4.95

per trade

Hands
On

Yes

Account
Minimum

Special
Promotion

Up to 500

commission-free trades with a qualifying deposit

The Bottom Line

  • Large Selection Of Mutual Funds
  • Low Fees
  • No Account Minimum
  • Easy To Use Charts & Tools
  • For Beginner & Advanced Investors

Best For:

Bank of America customers

Merrill Edge Logo

Fees

$6.95

per trade

Hands
On

Yes

Account
Minimum

Special
Promotion

Up to $600

cash bonus with a qualifying deposit

Special Pricing:

30 free trades per month for BoA customers with 3-month avg combined balance of $50,000

The Bottom Line

  • Higher Fees
  • No Account Minimum
  • Special Pricing For Bank Of America Customers
  • Lack Of Commission-Free ETFs

Best For:

Investing Tools And Platforms

TD Ameritrade Logo

Fees

$0

per trade

Hands
On

Yes

Account
Minimum

Special
Promotion

Up to $600

cash bonus + 60 days of commission-free trades with a qualifying deposit

The Bottom Line

  • Low Fees
  • No Account Minimum
  • Quality Charts & Tools
  • For Beginner & Advanced Investors
  • Large Investment Selection

Best For:

Mutual Funds & ETFs

Vanguard Logo

Fees

$7.00

for first 25 trades; $20 therafter

Hands
On

Yes

Account
Minimum

Special
Promotion

None

no promotion available at this time

The Bottom Line

  • Low Costs For Long-Term Investors
  • Commission Free ETFs & Mutual Funds
  • Higher Fees For Active Investors
  • No Account Minimum
  • Quality Charts & Tools
  • Large Investment Selection

Best For:

Low Fees

Wealthfront Logo

Fees

0.25%

management fee

Hands
On

No

Account
Minimum

Special
Promotion

None

no promotion available at this time

The Bottom Line

  • Low Annual Advisory Fee
  • High Account Minimum
  • Tax-Loss Harvesting
  • Index Fund Investing Allowed At $100,000