Schwab has a minimum requirement of $1,000 for most of its basic investment and retirement accounts, though a Schwab International account carries a higher $25,000 minimum. Investors willing to commit a certain level of trading activity (currently 36 trades per year) have the same minimums, but access to a different set of investment analysis tools. (For related reading, see 5 Bank Fees You May Not Know About.)
|Figure 1: Charles Schwab account types and deposit requirements|
Schwab also offers banking services including checking and savings accounts, as well as accounts oriented to businesses and trusts.
Charles Schwab Broker Summary: Services And Commission / Fee Structure
RetirementCharles Schwab has a solid reputation for retirement services, with something for everyone from beginners to those with half a million or more in assets.
RetirementHere's a list of Schwab’s funds for retirement, intended to make planning, diversification and saving for later in life just a bit easier.
Personal FinanceThe investment firm will have to find new ways to boost its bottom line since the low-interest rate environment has pressured its business.
Financial AdvisorOn the heels of launching a robo-advisor service for individual investors, Schwab is set to debut one designed for independent financial advisors.
InsightsThe finance department at Charles Schwab (Nasdaq: SCHW) has a very large problem.The firm has been so successful at attracting clients over the past half-decade that the cash Schwab holds for ...