Bank Trust Custodial Account

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Dictionary Says

Definition of 'Bank Trust Custodial Account'

A type of Individual Retirement Account (IRA) allowed by the Employee Retirement Income Security Act of 1974 (ERISA) in which contributions are paid into the bank's interest-bearing financial instruments or a self-directed account. The difference between a self directed account and the bank's interest bearing financial instrument is that the investor is in charge of investment decisions. Self-directed accounts are usually set up by a brokerage and the investor is charged an amount above trading costs.
Investopedia Says

Investopedia explains 'Bank Trust Custodial Account'

ERISA is federal legislation enacted to ensure that pension/retirement plans of employers are fair and secure. It is the law that established rules and regulations to govern private pension plans, including vesting requirements, funding mechanisms, and general plan design and descriptions.
Search results for

'Bank Trust Custodial Account'

  • Investors Continue To Bank On Northern Trust

    http://stocks.investopedia.com/stock-analysis/2009/Investors-Continue-To-Bank-On-Northern-Trust-NTRS-STT-BK1026.aspx
    ... servicing and management as well as custodial services to ... This business model has
    served Northern Trust well throughout ... Bank of New York has also done well in ...

  • Series 7 Study Guide - Retirement Accounts - Custodial Accounts ...

    http://www.investopedia.com/exam-guide/series-7/retirement/custodial-accounts.asp
    ... An "In Trust For" account is something different. ... The custodial organization may
    be a bank, mutual fund ... The HSA is a tax-exempt custodial account managed by an ...

  • How To Set Up A Trust Fund If You're Not Rich

    http://www.investopedia.com/articles/pf/12/set-up-a-trust-fund.asp
    ... A trustee is a bank, attorney or other entity set ... amount of money in the minor's
    custodial account is considered ... But I'm Not Rich Traditional trust funds have ...

  • Designating A Minor As An IRA Beneficiary

    http://www.investopedia.com/articles/retirement/09/minor-as-ira-beneficiary.asp
    ... to put the distributions inside a custodial account such as ... appointments, then consider
    using a trust to ensure ... in retail, discount and bank brokerage systems ...

  • Series 7 Study Guide - Customer Accounts - Opening a Brokerage ...

    http://www.investopedia.com/exam-guide/series-7/customer-accounts/opening-brokerage-account.asp
    ... Joint and Custodial Accounts On a joint account, information ... needed, including a
    copy of the trust document. ... Swiss bank accounts are the most famous example of ...

  • 401(k) And Qualified Plans: Eligibility Requirements ...

    http://www.investopedia.com/university/retirementplans/qualifiedplan/qualifiedplan2.asp
    ... Under a prototype plan, a separate trust or custodial account is
    established for each employer. ... Read More ». Bank Rates. ...

  • Are Financials Still At Risk?

    http://stocks.investopedia.com/stock-analysis/2009/Not-A-Bank-Still-A-Financial---Still-A-Risk-BK-STT-NTRS-FII0113.aspx
    ... Northern Trust (Nasdaq:NTRS ... Custodian Kings Bank of New York Mellon and State Street
    are ... and business lines reach far beyond the typical custodial services, the ...

  • 403(b) Plan: Eligibility Requirements | Investopedia

    http://www.investopedia.com/university/retirementplans/403b/403b1.asp
    ... A trust is a fund or foundation and will qualify. ... would provide the employee with
    a 403(b)(7) Custodial Account Agreement, while an ... Read More ». Bank Rates. ...

  • Tips For Finding The Right IRA - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/Tips-For-Finding-The-Right-IRA.aspx
    ... advisers, life insurance companies and trust companies. ... other guaranteed instruments,
    then a bank or fixed ... Custodial Services Most IRA custodians will also now ...

  • Series 6 Study Guide - Investment Securities - Other Types of ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/other-types-of-equity-securities.asp
    ... are paid in the foreign currency, that ADR holders have voting rights like holders
    of any other stock and that shares are held in trust at a foreign bank. ...

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