T. Rowe Price Account Type

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

　　For adding to existing accounts, the minimum investment varies by account type, with most requiring at least $100 to add.

　　

T. Rowe Price Broker Account Opening Process

　　Opening a brokerage account with T. Rowe Price involves the following steps:

• Select Account Type: Choose between a standard brokerage account ($2,500 minimum) or an IRA account ($1,000 minimum).
• Provide Personal Information: Fill out the application with your personal details, including your Social Security number and financial information.
• Fund Your Account: Transfer funds electronically from your bank account or via check to meet the minimum investment requirement.
• Account Approval: Once your application is submitted, it will be reviewed and approved, typically within a few hours.
• Start Investing: After funding your account, you can begin trading and managing your investments.

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