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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 assets consist of T. Rowe Price mutual fund, Brokerage, variable annuity, and trust accounts. Assets held in estate, corporate, and 401(k) accounts and 529 plans are excluded.
 
Online $9.95 per trade for Select Services Clients*
$19.95 per trade for all other clients
Tele-Trader1 $35 per trade plus $.02 for each share over 1,000
Representative-Assisted1 Principal Value
(PV)
Commission Charge
(PV x % + $)
More than $1 per share
Minimum: $.08 /share on first 1,000, $.04/share thereafter

Maximum $.50/share on orders for 100 shares or more

Maximum: $50 on orders for 99 shares or fewer

Minimum: $40 per transaction
$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 assets consist of T. Rowe Price mutual fund, Brokerage, variable annuity, and trust accounts. Assets held in estate, corporate, and 401(k) accounts and 529 plans are excluded.

1The commission charged for any stock trade will not exceed 3% of the principal value of the trade, subject to the applicable minimum ($35 for stock trades made through Tele-Trader; $40 for representative-assisted stock trades executed above a $0.99 price per share and $35.00 for representative -assisted trades executed at or below $0.99 price per share)

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

 
No Transaction-fee (NTF) funds3 No Charge4
Transaction-fee funds3 $35
Load Funds and UITs
(Representative Assisted only)
Stated load only5
3If 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.

4T. 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. See the Miscellaneous Fees section for more information about the short-term trading fee. 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. 5Certain Fidelity funds are also charged a $35 transaction fee.
 
Online $9.95 plus $1 per contract for Select Services Clients*
$19.95 plus $1 per contract for all other clients
Tele-Trader 10% off regular rep-assisted rates
Representative-Assisted6 Principal Value
(PV)
Commission Charge
(PV x % + $)
Minimum: $4/contract on first 20 contracts / $2contract thereafter.
Maximum $22/contract
$0-$2,500
$2,501 - $10,000
$10,001 and over
.015 + $27
.008 + $44
.003 + $84
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 assets consist of T. Rowe Price mutual fund, Brokerage, variable annuity, and trust accounts. Assets held in estate, corporate, and 401(k) accounts and 529 plans are excluded.

6All option assignments and/or exercises will be charged at the representative-assisted rate. Subject to a minimum commission of $35.

(Representative-Assisted only)

Corporate Bonds (per $1,000 face value)
1 — 7 bonds $35 flat charge
8 — 25 bonds $5/bond
26 — 35 bonds Additional $4/bond
Over 35 bonds Additional $3/bond
U.S. Treasuries, Agency Notes, and Bonds
Bills $50 flat charge
Notes and Bonds  
Agency transactions <$24,000 $5/bond, Minimum; $35. Maximum $100
Principal transactions >$25,000 Commission included in price
Auctions (bills, notes, bonds) $50 flat charge
Agency (FNMA, FHLMC) TIPS, Treasury and Coupon Notes
PAR AMOUNT SALES CHARGE PER $1,000 BOND
$25,000 - $50,000 $3.75
$51,000 - $100,000 $2.50
$101,000 - $250,000 $1.25
$251,000 - $500,000 $0.625
$501,000 and over $0.313
Treasury 0% Coupon Bonds
PAR AMOUNT SALES CHARGE PER $1,000 BOND
$1,000 - $24,000 $10.00
$25,000 - $50,000 $7.50
$51,000 - $100,000 $5.00
$101,000 - $250,000 $3.00
$251,000 - $500,000 $2.50
$501,000 and over $2.00
Municipals (Minimum of $5,000)
PAR AMOUNT SALES CHARGE PER $1,000 BOND
$5,000 - $24,000 $15.00
$25,000 - $50,000 $10.00
$51,000 - $100,000 $7.50
$101,000 - $250,000 $5.00
$251,000 - $500,000 $2.50
$501,000 and over $2.00
GNMAs and CMOs (Minimum of $25,000)
PAR AMOUNT SALES CHARGE PER $1,000 BOND
$25,000 - $50,000 $15.00
$51,000 - $100,000 $10.00
$101,000 - $250,000 $7.50
$251,000 - $500,000 $5.00
$501,000 and over $15.00
Certificate of Deposits (Minimum varies by issue)
PAR AMOUNT SALES CHARGE PER $1,000 BOND
All CDs purchased at par ($1,000)
Gold and Silver
Principal Value (PV) Commission Charge (PV x %)
$0 — $9,999 0.025
$10,000 — $49,999 0.020
$50,000 — $99,999 0.015
$100,000 and over 0.0075
(Subject to a minimum commission of $35.)
Annual Account Maintenance Fee

$30 fee

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.
  • 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 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
IRA Transfer Out or Termination $35
Non-IRA Transfer Out $35
Roth Recharacterization $35
Returned Deposit Checks $20
Wire Transfer Out of Brokerage Account $15
Wires From Your Linked Money Market Account  
  • $5,000 or more
No fee
  • Less than $5,000
$5 per wire
Certificates (Register and Ships) $15 per item
Foreign Securities Orders $75 for each purchase or sale
in addition to the commission
Foreign Securities Transfers $75 for each foreign security transferred to or from T. Rowe Price Brokerage
Precious Metals Storage Fee .75% of market value per annum,
prebilled on a quarterly basis. 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 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 assets consist of T. Rowe Price mutual fund, Brokerage, variable annuity, and trust accounts. Assets held in estate, corporate, and 401(k) accounts and 529 plans are excluded.
 
Debit Balances Percentage Above Pershing’s Base Lending Rate
$0 — $9,999 1.75%
$10,000 — $29,999 1.25%
$30,000 — $49,999 0.75%
$50,000 and over 0.25%
 
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 None7
Daily Maximum ATM Withdrawal The lesser of $500 or your available
balance.8
Daily Maximum for VISA Gold The lesser of $10,000 or your available
balance.8
7Third-party ATM surcharges may apply to transactions performed at certain ATMs.

8Available 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, a BNY Mellon company, member NYSE/FINRA/SIPC.