Full Brokerage Commission Fee Schedule
Take advantage of our competitive commissions and fees

We know you're looking for good value every time you invest. Our Select Client Services program1, for clients with $250,000 or more at T. Rowe Price, offers you discounted commission prices of $9.95 for online equity and ETF trades, a free morningstar.com premium membership and a waiver of the annual Brokerage maintenance fee.

Customers with $250,000 or more qualify for Personal Services, and customers with $1,000,000 or more qualify for Enhanced Personal Services. Qualifying investments consist of T. Rowe Price mutual fund, Brokerage, or T. Rowe Price College Savings Plan accounts that are directly owned; trust accounts for which you are a trustee; or UGMA/UTMA, T. Rowe Price College Savings Plan, or Education Savings Accounts for which you are a custodian. Assets held in a 401(k) Plan, a Maryland College Investment Plan, or a University of Alaska College Savings Plan account are also eligible if you have a qualifying investment. Assets held in estate or corporate accounts are excluded. Your qualifying investment assets may be recognized with those of other eligible members of your household toward collective qualification for Select Client Services programs.

2 The commission charged for any stock trade will not exceed 3% of the principal value of the trade, subject to the applicable minimums listed above.

3 If fund minimums are not met, certain fees may apply. If you hold no-transaction-fee fund positions along with transaction-fee fund positions, the no-transaction-fee fund positions will liquidate first.

4 T. Rowe Price Investment Services, Inc., may receive fees in connection with no-transaction-fee mutual funds for activities such as recordkeeping and shareholder services. T. Rowe Price reserves the right to change the funds available with no transaction fees and reinstate the fees on any funds as well as the right to charge a transaction fee if your short-term trading becomes excessive. If you purchased a fund and paid a transaction fee, one will be charged upon its sale even if it becomes a no-transaction-fee fund after your purchase. Please review each prospectus carefully, as each fund family may have different share classes and costs to ensure that you select the share class most appropriate for you.

5 Short-Term Trading Fee: T. Rowe Price Brokerage charges a short-term trading fee equal to the greater of $50 or 1%: not to exceed $250, for no-load, and certain load, no-transaction-fee fund shares held for less than six months. A short-term trading fee of $5 applies to those shares purchased systematically and held less than six months. These fees are in addition to any redemption fee that a particular fund may charge. Short-term trading fees do not apply to T. Rowe Price funds; however, investors violating the T. Rowe Price fund excessive trading policy may be restricted from future purchases, as disclosed in the fund's prospectus.

6 Certain Fidelity funds are also charged a $35 transaction fee.

7 $35 minimum/$250 maximum.

8 Subject to a minimum commission of $35.

9 We no longer open Brokerage Advantage accounts. Fees applicable to existing Brokerage Advantage accounts.

10 Third-party ATM surcharges may apply to transactions performed at certain ATMs.

11 Available balance includes a secured credit line backed by the value of securities held in the margin account (provided account is approved for margin privileges).

Brokerage accounts are offered by T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC (Pershing), member NYSE/FINRA/SIPC, a BNY Mellon company. T. Rowe Price mutual funds not held as positions in your Brokerage account are serviced by T. Rowe Price Services, Inc., and are not carried by Pershing.