|Stocks and ETFs|
|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 program1
$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|
(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.
$2,501 - $6,000
$6,001 - $22,000
$22,001 - $50,000
$50,001 - $500,000
$500,001 and over
|PV x .015 + $30
PV x .005 + $57
PV x .003 + $73
PV x .002 + $100
PV x .001 + $175
PV x .0008 + $275
|Less than $1 per share (Penny Stocks)||$0- $10,000
$10,001 and over
|$.04 + $35
$.03 + $35
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).
|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 program1
$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|
|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|
|Product||Sales Charge per $1,000 Bond|
|Certificate of Deposit (CD)
(Minimum varies by issue)
|CDs purchased at par ($1,000)|
|Gold, Silver, Palladium, and Platinum||Principal Value (PV)||Commission Charge
(PV x %)
|$100,000 and over||.0075|
|Annual Account Maintenance Fee|
The $30 fee is waived for:
|Cash Management Account Maintenance Fee|
The $40 fee will be charged:
|Account Transfer Out or Termination||$50|
|Returned Deposit Checks||$20|
|Wire Transfer Out of Brokerage Account||$15|
|Wire Transfer From Your Linked Money Market Account:|
||$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 and certain load, no-transaction-fee 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.|
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|
|Brokerage Advantage Accounts|
|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|
|VISA® Gold ATM and Check Card||Fee|
|ATM Withdrawal Fee||None10|
|Daily Maximum ATM Withdrawal||The lesser of $500 or your available
|Daily Maximum for VISA® Gold Card Transactions||The lesser of $10,000 or your available
1 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, or T. Rowe Price College Savings Plan accounts that are directly owned; trust accounts for which you are a trustee; or UGMA/UTMA, T. Rowe Price College Savings Plan, or Education Savings Accounts for which you are a custodian. Assets held in a 401(k) Plan, a Maryland College Investment Plan, or a University of Alaska College Savings Plan account 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.
2 The commission charged for any stock trade will not exceed 3% of the principal value of the trade, subject to the applicable minimums listed above.
3 If 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.
4 T. Rowe Price Investment Services, Inc., may receive fees in connection with no-transaction-fee mutual funds for activities such as 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. Please review each prospectus carefully, as each fund family may have different share classes and costs to ensure that you select the share class most appropriate for you.
5 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, and certain load, no-transaction-fee 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.
6 Certain Fidelity funds are also charged a $35 transaction fee.
7 $35 minimum/$250 maximum.
8 Subject to a minimum commission of $35.
9 We no longer open Brokerage Advantage accounts. Fees applicable to existing Brokerage Advantage accounts.
10 Third-party ATM surcharges may apply to transactions performed at certain ATMs.
11 Available balance includes a secured credit line backed by the value of securities held in the margin account (provided account is approved for margin privileges).
Brokerage accounts are offered by 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.