Stocks and ETFs
- $9.95 per trade for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, Personal, or Enhanced Personal Services.1
- $19.95 per trade for all other accounts.
Options
- $9.95 plus $1 per contract for accounts with more than 30 executed trades in the prior 12 months or customers who qualify for T. Rowe Price Preferred, Personal, or Enhanced Personal Services.1
- $19.95 plus $1 per contract for all other accounts.
Mutual Funds
- No-transaction-fee (NTF) funds2 — no charge.3
- Transaction-fee funds2 — $35.
No additional order handling fee for stop and limit orders.
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
1Customers 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.
2If you hold no-transaction-fee fund positions along with transaction-fee fund positions, the no-transaction-fee fund positions will liquidate first. If fund minimums are not met, certain fees may apply.
3T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.40% 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.
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
1Customers 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.
2If you hold no-transaction-fee fund positions along with transaction-fee fund positions, the no-transaction-fee fund positions will liquidate first. If fund minimums are not met, certain fees may apply.
3T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.40% 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.
Stocks and ETFs
- $35 per trade for up to 1,000 shares plus $.02 for each share thereafter.
- The commission charged for any stock or ETF trade will not exceed 3% of the principal value of the trade, subject to the applicable minimum ($35.00 for stock and ETF trades made through Tele-Trader).
Options
- 10% off regular representative-assisted rates (subject to a minimum commission of $35).
Mutual Funds
- No-transaction-fee (NTF) funds1 — no charge.2
- Transaction-fee funds1 — $35.
No additional order handling fee for stop and limit orders.
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
1If 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. If fund minimums are not met, certain fees may apply.
2T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.35% 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.
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
1If 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. If fund minimums are not met, certain fees may apply.
2T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.35% 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.
| Stocks and ETFs | |
| Principal Value (PV) | Commission Charge (PV x % + $) |
| $0 — $2,500 | .015 + $30 |
| $2,501 — $6,000 | .005 + $57 |
| $6,001 — $22,000 | .003 + $73 |
| $22,001 — $50,000 | .002 + $100 |
| $50,001 — $500,000 | .001 + $175 |
| $500,001 and Over | .0008 + $275 |
| Minimum: | $.08/share on first 1,000 shares, $.04/share thereafter |
| Maximum: | $.50/share on orders for 100 shares or more |
| Maximum of: | $50 on orders for 99 shares or fewer |
| Minimum of: | $40 per transaction |
| Penny Stocks ($0.99 or less per share) | |
| Principal Value (PV) | Commission Charge (PV x % + $) |
| $0 — $10,000 | .04 + $35 |
| $10,001 and Over | .03 + $35 |
The commission charged for any stock trade will not exceed 3% of the principal value of the trade, subject to the applicable minimum ($40 for representative-assisted stock trades executed above a $0.99 price per share and $35 for representative-assisted stock trades executed below a $0.99 share per share).
| Options | |
| Principal Value (PV) | Commission Charge (PV x % + $) |
| $0 — $2,500 | .015 + $27 |
| $2,501 — $10,000 | .008 + $44 |
| $10,001 and Over | .003 + $84 |
| Minimum: | $4/contract on first 20 contracts, $2/contract thereafter |
| Maximum: | $22/contract |
All option assignments and/or exercises will be charged at the representative-assisted rate. Subject to a minimum commission of $35.
Mutual Funds
- No-transaction-fee (NTF) funds1 — no charge.2
- Transaction-fee funds1 — $35.
- Load funds — stated load only.3
| 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 |
| Municipals, GNMAs, CDs, Government Zero Coupons, and CMOs | |
| Principal transactions | Commission included in price |
| 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.) | |
Commercial Paper
$50 flat fee
No additional order handling fee for stop and limit orders.
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
1If 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. If fund minimums are not met, certain fees may apply.
2T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.35% 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.
3Certain Fidelity funds are also charged a $35 transaction fee.
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
1If 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. If fund minimums are not met, certain fees may apply.
2T. Rowe Price Investment Services, Inc., may receive administrative fees of up to 0.35% 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.
3Certain Fidelity funds are also charged a $35 transaction fee.
Annual Account Maintenance Fee
$30 fee
Fee is waived for:
- T. Rowe Price customers who qualify for Preferred, Personal, or Enhanced Personal Services.1
- 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 | |
|
No fee |
|
$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.
1Customers 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 200 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 | None1 |
| Daily Maximum ATM Withdrawal | The lesser of $500 or your available balance.2 |
| Daily Maximum for VISA Gold | The lesser of $10,000 or your available balance.2 |
1Third-party ATM surcharges may apply to transactions performed at certain ATMs.
2Available 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.
2Available 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.
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