T. Rowe Price Account Type

• Rowe Price offers several types of accounts to meet the diverse needs of investors. The main account types include:
• Non-Retirement Mutual Fund Accounts: Minimum investment of $2,500.
• IRA Accounts: Minimum investment of $1,000.
• UGMA/UTMA Accounts: Minimum investment of $1,000.
• College Savings Plans: Minimum investment of $250 or $50 per month.
• Maryland College Investment Plan: Minimum investment of $25 or $25 per month.
• Alaska 529: Minimum investment of $25 or $25 per month.
• Summit Fund Accounts: Minimum investment of $25,000.
• I Class Accounts: Minimum investment of $500,000.

For adding to existing accounts, the minimum amounts required are typically $100 for non-retirement mutual fund accounts, IRA accounts, and UGMA/UTMA accounts, while the college savings plans have lower minimums starting at $25.

T. Rowe Price Broker Account Opening Process

The process to open a brokerage account with T. Rowe Price is straightforward and can be completed online. Here are the steps:

• Choose the Account Type: Decide whether you want a brokerage account or an IRA account.
• Brokerage Account: Requires a minimum initial investment of $2,500.
• Brokerage IRA: Requires a minimum initial investment of $1,000.

• Complete the Application: Fill out the online application form, which typically takes less than 15 minutes. You'll need to provide personal information such as your name, address, Social Security number, and employment details.

• Fund Your Account: You can fund your account through various methods, including electronic funds transfer from your bank account or by sending a check.

• Start Investing: Once your account is funded, you can begin purchasing investments like stocks, bonds, and mutual funds.

For more detailed information about account types and the opening process, please visit T. Rowe Price Fees and Minimums.