Consider the benefits of non-retirement investment accounts.

A complement to retirement savings accounts, non-retirement investment accounts offer unique benefits and features. If you're looking for a holding place for your money, investing for the longer term, or supplementing your retirement savings, you could benefit from our low minimum account requirements and broad investment selections.

The minimum amount needed to open an account is $2,500. You can invest in a variety of tax-efficient, municipal, fixed income, and global mutual funds, all with established performance*. For more flexibility, we also offer Brokerage accounts so you can invest in mutual funds, individual stocks, ETFs, bonds, CDs, and precious metals offered elsewhere.

High accessibility

Assets can be bought and sold at your discretion. Also, if you plan on retiring before age 60, you avoid early withdrawal penalties.

Flexible amounts

There is no limit to how much you can invest.

Available for any income level

Continue investing once you reach the contribution limit in your 401(k) and when you are not eligible for a Roth IRA.

Lots of investment options

Choose from a broader range of investments than those offered with retirement accounts. Non-Retirement Brokerage accounts allow you to invest in mutual funds as well as individual stocks.

No required minimum distributions

If you don't need additional income in retirement, you can keep assets in your account past age 70½.

*Past performance does not guarantee future results. All investments involve risk, including possible loss of principal.

Account types

Individual

An account with only one owner.

  • Requires a minimum investment of $2,500.
  • Can be opened with T. Rowe Price mutual funds only or as a Brokerage account. Additional transaction and account maintenance costs associated with a Brokerage account may apply.

Joint Tenant

An account with two or more owners.

  • Requires a minimum investment of $2,500.
  • Can be opened with T. Rowe Price mutual funds only or as a Brokerage account. Additional transaction and account maintenance costs associated with a Brokerage account may apply.

Trust

An account opened in the name of an already established trust.

  • Can be a valuable estate planning tool.
  • A convenient vehicle to make a financial gift to a child without having to establish a trust and potentially avoiding a gift tax.

UGMA/UTMA

An account to be held in the custodian's name for the benefit of a minor.

  • Requires a minimum investment of $1,000.
  • Can be opened with T. Rowe Price mutual funds only or as a Brokerage account. Additional transaction and account maintenance costs associated with a Brokerage account may apply.

Transfer on Death

An account that allows you to add beneficiaries to an existing non-retirement investment account held with T. Rowe Price. The account owner can assign a beneficiary, and, upon death, all assets in the brokerage account are passed to the beneficiary.

Ways to invest

You have two different ways to access investment options with a non-retirement investment account.

T. Rowe Price Mutual Funds

Select from over 100 of our funds with no loads and low fees.

T. Rowe Price Brokerage Account

Trade individual securities and invest in funds other than ours.

Minimum Initial Investment Amounts for Non-Retirement Accounts*
  T. Rowe Price Mutual Funds T. Rowe Price Brokerage
Individual $2,500
Open Account
$2,500
Open Account
Joint Tenant
$2,500
Open Account
$2,500
Open Account
Trust $2,500
Open Account
$2,500
Open Account
UGMA/UTMA $1,000
Open Account
$1,000
Open Account
Transfer on Death $2,500
Open Account
$2,500
Open Account

* Please note that the initial investment for the Summit Funds is $25,000.

Account minimums and fees

An annual fee of $20 will be charged for each T. Rowe Price mutual fund account with a balance below $10,000. The account service fee, which is intended to help offset the relatively higher costs associated with servicing lower-balance accounts, will be automatically deducted from the account's assets.

Investors may qualify for a waiver of the account service fee in any of the following three ways:

  • Subscribe to electronic delivery of statements, confirmations, and prospectuses and shareholder reports;
  • Maintain an individual combined balance of $50,000 or more for all T. Rowe Price accounts (including mutual funds, Brokerage, and Small Business Retirement Plans); or
  • Qualify for T. Rowe Price Select Client Services based on higher asset levels of $100,000 or more.

Visit our Help Center for additional information.

What to expect when opening an account

Getting started is easy—especially when you have the required information gathered. Review the steps here before initiating the process to make sure you have what you need.

STEP 1

Create Profile and Select Account Type

Enter your address and contact information. Or, if you have a user name and password, we will fill it in for you. Then, select the account type you would like.

STEP 2

Select Investments

We provide a list of funds from which you can choose. Click here to research mutual funds before starting the process.

STEP 3

Determine Funding

To invest electronically, we’ll need your bank account and routing numbers. You will also need to answer a few questions to verify your identity. If you prefer, you may simply send us a check.

If you fund your account by electronic funds transfer, you will be asked to verify your identity and bank account information.

STEP 4

Review and Submit

Establish a user name and a password to view your account immediately. Note that the balance will not reflect your investment until we receive it.

To fund your account by check, simply print the investment slip provided and mail it along with your check.