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Chase IRA Rates. Chase ROTH IRA Fees in 2025
J.P. Morgan Chase IRA interest rates. Chase ROTH IRA, traditional/SEP IRA fees, and
bank retirement account review.
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IRAs at Chase Bank and JPMorgan Chase
Key points:
• Chase Bank no longer offers Individual Retirement Accounts (IRAs).
• The company’s low-cost securities division J.P. Morgan Self-Directed Investing does offer IRAs.
• An IRA at J.P. Morgan Self-Directed Investing has a $75 termination fee.
If you’re looking for a low-cost way to save for retirement, JPMorgan may have an answer for you. This article will explore the company’s IRA features.
Overview of IRAs at Chase Bank
Chase Bank is JPMorgan’s banking unit. Chase no longer offers Individual Retirement Accounts in
any form—CD, money market, savings, or any other option. An IRA with Chase Bank opened before the company shut down its IRA service (March, 2017) can be maintained at Chase.
Overview of IRAs at J.P. Morgan Self-Directed Investing
Besides Chase Bank, JPMorgan operates J.P. Morgan Self-Directed Investing. This online discount
broker does offer IRAs. An IRA with J.P. Morgan Investing can be opened in either Roth or
Traditional format. Unfortunately, other types of IRAs, such as SEP, SIMPLE, or Minor
accounts, are not available.
A retirement account at J.P. Morgan Self-Directed Investing is just what it sounds like: self directed. This arm of JPMorgan does not offer financial planning or investment advice.
Available Investments for IRAs
A retirement account at J.P. Morgan Self-Directed Investing has access to the same list of securities that other account registrations have. The cornucopia includes equities, options, bonds, and funds (mutual and exchange-traded).
The mutual-fund category includes 29 securities that are target-date funds. These are investment vehicles designed for retirement saving. These 29 funds are provided by a variety of fund families, including Putnam, T. Rowe Price, and Vanguard.
Margin
J.P. Morgan Self-Directed Investing does not offer limited margin or any other form of margin for tax-sheltered accounts.
Opening an IRA with J.P. Morgan Self-Directed Investing
Opening an IRA with J.P. Morgan Investing is a very uncomplicated process. Simply head to chase.com and click on the “Investing by J.P. Morgan” tab in the main menu. In the drop-down list of choices, click on the “Retirement and IRAs” link.
On the next page, you’ll see a brown button to open a retirement account. Click on this button and choose the option to invest on your own to open the IRA as a J.P. Morgan Self-Directed Investing account.
On the next page, you’ll see a promotion to score a bonus of up to $700 for a qualifying deposit or transfer. On this page, scroll down to find a green button to open either a Roth or Traditional IRA. Click on the one you want and follow the on-screen prompts to provide all required information.
Required details include name, address, and phone number. J.P. Morgan Investing also requires U.S. citizenship, a Green Card, or lawful resident alien status. With any resident status, a Social Security Number and residential address inside the United States are required.
A soft inquiry may be performed during the application. Be sure to unfreeze any credit reports to allow this inquiry to go through; otherwise, the application may be rejected.
Funding an IRA at Chase
A retirement account in either Roth or Traditional format at J.P. Morgan Self-Directed Investing can be funded in a variety of ways. The brokerage house accepts deposits via wire transfers and the ACH network. It’s also possible to deposit a paper check via the Chase mobile app.
Transferring or Rolling Over another Retirement Account
If you happen to have a second IRA at another brokerage firm or a Qualified Retirement Plan at a former employer (a 401k or 403b, for example), J.P. Morgan Self-Directed Investing will let you roll over or transfer the account into the new IRA with them.
For a QRP, you need to contact the plan administrator at the former employer and give them your account number at J.P. Morgan. For more information on how to execute this type of rollover, click on the “Investments” tab at the top of the Chase site after logging in and select the link to roll over to an IRA.
For the IRA transfer, open the Chase app and tap on the “Pay & Transfer” icon in the bottom menu. On the transfer hub, tap on the “Transfer” icon that appears at the top. Select the option to transfer in securities. On the next page, select the option to “Transfer external investments” and follow the instructions.
Retirement Education
Once your new IRA is set up to your liking, it’s time to start investing. There is a large assortment of educational materials under the “Investments” tab at the top of the website. Here, you can find news articles, events, weekly economic reports, commentary, and much more. The “Investing Insights” link under the Investments tab has a retirement hub with articles and videos on a variety of topics. Here are some examples we found:
• Social Security rules for married, divorced and widowed people
• How an annuity can help as you plan for retirement
Chase IRA Pricing
An IRA at J.P. Morgan Investing has the same fee schedule as other accounts. This means most online trades have zero commissions. Some bonds are $1 per trade, although brokered CDs are free to trade. The one sticking point here is the broker’s $75 IRA closeout fee. There is no annual IRA fee, though.
See all J.P. Morgan Investing fees.
Best Brokers For IRA
Chase IRA Review Judgment
J.P. Morgan Self-Directed Investing has a decent IRA service with a few flaws that will send some
folks elsewhere.
Updated on 2/11/2025.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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