• Log In Log Out
  • Take Advantage of Our Low Commissions and Fees

    We know you’re looking for good value every time you invest. Our Select Client Services program*, for clients with $100,000 or more at T. Rowe Price, offers you discounted commission prices of $9.95 for online equity and ETF trades, a free morningstar.com premium membership and a waiver of the annual Brokerage maintenance fee.

    *Customers with $100,000 or more qualify for Preferred Services, customers with $250,000 or more qualify for Personal Services, and customers with $1,000,000 or more qualify for Enhanced Personal Services. Qualifying investments consist of T. Rowe Price mutual fund, Brokerage account, variable annuity, and T. Rowe Price College Savings Plan accounts that are directly owned and trust accounts for which you are a trustee. Assets held in a 401(k) plan, Maryland College Investment Plan, or University of Alaska College Savings Plan are also eligible if you have a qualifying investment. Assets held in estate or corporate accounts are excluded. Your qualifying investment assets may be recognized with those of other eligible members of your household toward collective qualification for Select Client Services programs.
     
    Online $9.95 per trade for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for the T. Rowe Price Select Client Services program*
    $19.95 per trade for all other accounts
    Tele-Trader $35 per trade for up to 1,000 shares plus $.02 for each share thereafter
    Representative-Assisted Principal Value
    (PV)
    Commission Charge
    (PV x % + $)
    More than $1 per share
    Minimum of $40 per transaction or $.08/share on the first 1,000 shares, $.04/share thereafter; whichever is greater.

    Maximum of $.50/share on orders for 100 shares or more and $50 per transaction on orders for 99 shares or fewer.
    $0-$2,500
    $2,501 - $6,000
    $6,001 - $22,000
    $22,001 - $50,000
    $50,001 - $500,000
    $500,001 and over
    .015 + $30
    .005 + $57
    .003 + $73
    .002 + $100
    .001 + $175
    .0008 + $275
    Less than $1 per share (Penny Stocks) $0- $10,000
    $10,001 and over
    $.04 + $35
    $.03 + $35
    Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.

    *Customers with $100,000 or more qualify for Preferred Services, customers with $250,000 or more qualify for Personal Services, and customers with $1,000,000 or more qualify for Enhanced Personal Services. Qualifying investments consist of T. Rowe Price mutual fund, Brokerage account, variable annuity, and T. Rowe Price College Savings Plan accounts that are directly owned and trust accounts for which you are a trustee. Assets held in a 401(k) plan, Maryland College Investment Plan, or University of Alaska College Savings Plan are also eligible if you have a qualifying investment. Assets held in estate or corporate accounts are excluded. Your qualifying investment assets may be recognized with those of other eligible members of your household toward collective qualification for Select Client Services programs.

    1The commission charged for any stock trade will not exceed 3% of the principal value of the trade, subject to the applicable minimums listed above.

    Security markets have their own set of additional fees and/or taxes assessed by local governments and exchanges. These assessments are imposed on the financial services industry to cover the regulatory costs; and in all cases, the fees/taxes collected are passed on to the appropriate regulatory body or government agency. In addition, Agent Servicing fees may be imposed for American Depository Receipts (ADRs).

    For an overview on how to trade online in your Brokerage account, view this short video.

     
    No Transaction-fee (NTF) funds2 No Charge3,4
    Transaction-fee funds2 $35
    Load Funds and UITs Stated load only5
    2If fund minimums are not met, certain fees may apply. If you hold no-transaction-fee fund positions along with transaction-fee fund positions, the no-transaction-fee fund positions will liquidate first.

    3T. Rowe Price Investment Services, Inc., may receive administrative fees of up to .40% from these no-transaction-fee funds for providing recordkeeping and shareholder services. T. Rowe Price reserves the right to change the funds available with no transaction fees and reinstate the fees on any funds as well as the right to charge a transaction fee if your short-term trading becomes excessive. If you purchased a fund and paid a transaction fee, one will be charged upon its sale even if it becomes a no-transaction-fee fund after your purchase.

    4Short-Term Trading Fee T. Rowe Price Brokerage charges a short-term trading fee equal to the greater of $50 or 1%: not to exceed $250, for no-load, no-transaction-fee (NTF) fund shares held for less than six months. A short-term trading fee of $5 applies to those shares purchased systematically and held less than six months. These fees are in addition to any redemption fee that a particular fund may charge. Short-term trading fees do not apply to T. Rowe Price funds; however, investors violating the T. Rowe Price fund excessive trading policy may be restricted from future purchases, as disclosed in the fund's prospectus.

    5Certain Fidelity funds are also charged a $35 transaction fee.
     
    Online $9.95 plus $1 per contract for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for the T. Rowe Price Select Client Services program*
    $19.95 plus $1 per contract for all other accounts
    Tele-Trader 10% off regular representative assisted rates (subject to a minimum commission of $35)
    Representative-Assisted $34.95 plus $1 per contract
    Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.

    *Customers with $100,000 or more qualify for Preferred Services, customers with $250,000 or more qualify for Personal Services, and customers with $1,000,000 or more qualify for Enhanced Personal Services. Qualifying investments consist of T. Rowe Price mutual fund, Brokerage account, variable annuity, and T. Rowe Price College Savings Plan accounts that are directly owned and trust accounts for which you are a trustee. Assets held in a 401(k) plan, Maryland College Investment Plan, or University of Alaska College Savings Plan are also eligible if you have a qualifying investment. Assets held in estate or corporate accounts are excluded. Your qualifying investment assets may be recognized with those of other eligible members of your household toward collective qualification for Select Client Services programs.
    Bonds
    PRODUCT COMMISSION6
    Commercial Paper $50
    Treasury Auctions $50
    Treasury Bills $50
    Agency (FNMA, FHLMC), TIPS, Treasury and Coupon Notes and Bonds, Treasury 0% Coupon Bonds $1 per $1,000 Bond
    GNMAs and CMOs
    (Minimum of $25,000)
    $1 per $1,000 Bond
    Corporate Bonds $5 per $1,000 Bond
    Municipals (Minimum of $5,000) $5 per $1,000 Bond
    CDs
    PRODUCT SALES CHARGE PER $1,000 BOND
    Certificate of Deposit
    (Minimum varies by issue)
    CDs purchased at par ($1,000)
    Precious Metals
    PRODUCT QUANTITY COMMISSION7
    Gold, Silver, Palladium and Platinum Principal Value (PV) Commission Charge
    (PV x %)
    $0—$9,999 .025
    $10,000—$49,999 .020
    $50,000—$99,999 .015
    $100,000 and over .0075
    Commissions for Precious Metal, Bonds and CDs are for Rep-Assisted Trading and can be traded by calling 1-800-225-7720.
    6$35 minimum/$250 maximum.
    7Subject to a minimum commission of $35.
    Annual Account Maintenance Fee
    $30 Fee The $30 fee is waived for:
    • T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services
    • Brokerage accounts in which five or more commission-generating trades are executed over the previous 12-month period (Generally, September 1 through August 31 of each year)
    • Brokerage customers who hold $50,000 or more in T. Rowe Price mutual funds
    • Brokerage Advantage customers subject to the $40 cash management service fee (see below)
    Cash Management Service Fee
    $40 Fee The $40 fee will be charged:
    • For Brokerage Advantage accounts approved or activated for debit card or checkwriting services
    • In the anniversary month of account opening
    Miscellaneous Fees
    Account Transfer Out $50
    Returned Deposit Checks $20
    Wire Transfer Out of Brokerage Account $15
    Wire Transfer From Your Linked Money Market Account  
    • $5,000 or more
    No fee
    • Less than $5,000
    $5 per wire
    Certificates and Direct Registration Services (Register and Ship) $15 (Only available on a limited number of securities)
    Foreign Securities Orders Up to $75 for each purchase or sale
    in addition to the commission
    Foreign Securities Transfers Up to $75 for each foreign security transferred to or from T. Rowe Price Brokerage
    Precious Metals Storage Fee .75% of market value per annum,
    billed in arrears. Minimum of $5 per quarter.
    Annual Custody Fee for Special Products (Limited Partnerships and Direct Participation Programs) $35 per position
    Short-Term Trading Fee T. Rowe Price Brokerage charges a short-term trading fee equal to the greater of $50 or 1%, not to exceed $250, for no-load, no-transaction-fee (NTF) fund shares held for less than six months. A short-term trading fee of $5 applies to those shares purchased systematically and held for less than six months. These fees are in addition to any redemption fee that a particular fund may charge. Short-term trading fees do not apply to T. Rowe Price funds; however, investors violating the T. Rowe Price fund excessive trading policy may be restricted from future purchases, as disclosed in the fund's prospectus.
    *Customers with $100,000 or more qualify for Preferred Services, customers with $250,000 or more qualify for Personal Services, and customers with $1,000,000 or more qualify for Enhanced Personal Services. Qualifying investments consist of T. Rowe Price mutual fund, Brokerage account, variable annuity, and T. Rowe Price College Savings Plan accounts that are directly owned and trust accounts for which you are a trustee. Assets held in a 401(k) plan, Maryland College Investment Plan, or University of Alaska College Savings Plan are also eligible if you have a qualifying investment. Assets held in estate or corporate accounts are excluded. Your qualifying investment assets may be recognized with those of other eligible members of your household toward collective qualification for Select Client Services programs.

    These services are available only to Brokerage and Brokerage Advantage account clients.

     
    Debit Balances Percentage Above Pershing's Base Lending Rate
    $0 — $9,999 1.75% above the Pershing base lending rate
    $10,000 — $29,999 1.25% above the Pershing base lending rate
    $30,000 — $49,999 0.75% above the Pershing base lending rate
    $50,000 and over 0.25% above the Pershing base lending rate
     
    Checking
    Check Amount Minimum None
    Check Reorder Fee No charge for first 40 checks; $10 per 150 checks thereafter
    Copies of ATM, Sales or Cash Advance Receipts $2.50
    Stop Payments $10
    Returned Checks $15
    Check Copies $2.50
    VISA® Gold ATM and Check Card  
    ATM Withdrawal Fee None8
    Daily Maximum ATM Withdrawal The lesser of $500 or your available
    balance.9
    Daily Maximum for VISA® Gold Card Transactions The lesser of $10,000 or your available
    balance.9
    8Third-party ATM surcharges may apply to transactions performed at certain ATMs.

    9Available balance includes a secured credit line backed by the value of securities held in the margin account (provided account is approved for margin privileges).

    VISA is a registered trademark of VISA U.S.A., Inc.

    T. Rowe Price Brokerage is a division of T. Rowe Price Investment Services, Inc., member FINRA/SIPC. Brokerage accounts are carried by Pershing LLC (Pershing), member NYSE/FINRA/SIPC, a BNY Mellon company. T. Rowe Price mutual funds not held as positions in your Brokerage account are serviced by T. Rowe Price Services, Inc., and are not carried by Pershing.

    Copyright 2013, T. Rowe Price Investment Services, Inc. All rights reserved.