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Chase Bank IRA Account Rates, ROTH, and Fees in 2021

Chase IRA review for Roth IRA, SEP, Simple, 401K, traditional IRA, and IRA rollover. Chase IRA account rates, bank fees, pros and cons.

Individual Retirement Accounts with Chase

If you’re searching for a low-cost IRA, Chase may have an answer for you. With its new brokerage firm J.P. Morgan Chase, you can open a retirement account with almost no fees at all. Here are the details:

Chase IRA Fees and Commissions

J.P. Morgan Chase is Chase’s self-directed brokerage service. With a J.P. Morgan Chase account, you decide what assets to buy and sell. Because this is a deep discount broker, you pay almost nothing for an IRA (or regular brokerage account).

The fee schedule at J.P. Morgan Chase is the same for all account types. Here’s what it looks like:

Stocks and ETFs $0
Options $0.65 per contract
Mutual funds $0
Bonds $0
Treasuries commission-free
Futures not offered

Investments stocks, mutual funds, bonds, ETFs
J.P. Morgan Chase minimum deposit to open account $0 for cash account, margin accounts are not offered
FeesChase brokerage fees

J.P. Morgan Chase doesn’t offer any mutual funds with loads, so they cost nothing to trade or hold.

If you’re not comfortable making investment decisions on your own, Chase offers J.P. Morgan Portfolios. This is the brokerage firm’s investment-advisory service. Chase uses a software program to make all trading decisions on your behalf. The downside is that only ETFs are available. Moreover, Chase uses a very small selection of ETFs. These are funds built and managed by JPMorgan, which could be a conflict of interest. Nevertheless, the service is very inexpensive.

Annual fee 0.35% per annum
Commissions $0
Minimum balance $500

Chase’s robo program can be used with taxable accounts or IRAs.

JP Morgan Chase IRA Account

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Choosing Safe Investments for Your IRA at Chase

If you’re worried about volatility and want to find some investments that are very low risk, you’ll want to take the right steps to ensure you avoid volatile investments. If you open a J.P. Morgan Portfolios account, make sure to select conservative portfolio when filling out the company’s online questionnaire.

JP Morgan Chase IRA

If you open a J.P. Morgan Chase account, you could buy some low-risk mutual funds, such as short-term bond funds and ultrashort-term bond funds. One example is ASDVX, the American Century Short Duration Strategic Income Fund. This mutual fund invests in a variety of bonds that mature in less than a few years.

If you would prefer to leave everything on autopilot, you could invest in a target-date mutual fund inside a J.P. Morgan Chase IRA. Chase offers several fund families.

In previous years, Chase also offered bank IRAs that could be invested in savings accounts or certificates of deposit. Unfortunately, these bank-provided retirement accounts are no longer available. So if you’re looking for safety, you’ll need to find the right securities at J.P. Morgan Self-Directed Investing or J.P. Morgan Portfolios (assuming you have less than $50,000 to invest).

Chase Wealth Management Accounts

If you have more than $50,000 to put into your IRA, you could open an account with JPMorgan Securities. If you do so, you’ll get a personal financial advisor who will be able to answer all of your questions and develop a customized financial plan to guide you to retirement. This traditionally-managed package does cost more (roughly 1.4% of account value per year) but obviously offers a lot more than Chase’s discount services.