Take Advantage of Our Low Commissions and Fees

We know you're looking for good value every time you invest. Our Select Client Services program1, 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.

Stocks and ETFs
Method Cost
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
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
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
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.

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).
Mutual Funds and Unit Investment Trusts
Type Fee
No Transaction-fee (NTF) funds3 No Charge4,5
Transaction-fee funds3 $35
Load Funds and UITs Stated load only6
Options
Method Cost
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
Orders partially executed across multiple trading days are subject to a separate commission charge for each day the order partially executes.
Bonds
Product Commission7
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 (CD)
(Minimum varies by issue)
CDs purchased at par ($1,000)
Precious Metals
Product Quantity Commission8
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.
Annual Account Maintenance Fee
$30 Fee

The $30 fee is waived for:
 

  • T. Rowe Price customers who qualify for Preferred, Personal or Enhanced Personal Services1
  • 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 Account Maintenance Fee
$40 Fee

The $40 fee will be charged:
 

  • For Brokerage Advantage accounts approved or activated for debit card or checkwriting services on a sweep account
  • In the anniversary month of account opening
Miscellaneous Fees
Fee Type Fee
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:  
  • $5,000 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 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.

Margin Schedule
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
Checking Fee
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 Fee
ATM Withdrawal Fee None10
Daily Maximum ATM Withdrawal The lesser of $500 or your available
balance.11
Daily Maximum for VISA® Gold Card Transactions The lesser of $10,000 or your available
balance.11
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.