TIAA brokerage account

Learn about brokerage fees

How much you pay for your brokerage account can vary depending on what types of investments you choose and whether or not you work with a Wealth Management Advisor. Some fees may not apply for all accounts. See the full list of fees and terms and conditions in the TIAA Brokerage Customer Account Agreement within the Agreements & Disclosure section.

Mutual fund trades

Online

Equity and Transaction Fee ETF trades: $0

Fees shown reflect stock prices greater than $1 per share. Orders to buy shares priced under $1, non-permitted cannabis-related business (CRB) securities, restricted shares, foreign securities, privately held securities, shares with no market or no bid/ask won’t be accepted.

Orders to sell shares priced under $1 are handled via client service assistance at the online commission rate above, based on eligibility.

Client service assistance

  • $55

800-842-2252

Stock and ETF trades

No Transaction Fee (NTF) funds

Minimum initial investment for NTF mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Additional investments for NTF mutual funds: The greater of either the listed amount in the fund’s prospectus or $500, unless you’re purchasing through a systematic (automatic recurring) order. Purchases of NTF mutual funds below $500 will be charged the appropriate transaction fee.

Systematic (automatic recurring or dollar cost averaging) transactions, no fee-minimum transaction $100.

Short-term redemption fee: $50 minimum for shares held less than three months (waived for shares transferred from another brokerage firm or financial institution). Additional redemption fees may apply as set forth in each fund’s prospectus.

Transaction Fee (TF) funds

Transaction fee, regardless of order size:

  • $50 per trade
  • $35 per trade for customers who receive a financial planning solution from their Wealth Management Advisor.

Minimum initial investment for mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Additional mutual fund investments: The greater of either the listed amount in the fund's prospectus or $500, unless you’re purchasing through a systematic (automatic recurring) order. Systematic (automatic recurring or dollar cost averaging) transactions, no fee-minimum transaction $100.

Bonds and CDs

U.S. Treasury securities

New issues (primary, at auction): $50 per transaction Existing issues (secondary, already trading): $1 per $1,000 face amount ($50 minimum)

Municipal, agency and corporate

Municipal bonds, government agency bonds, unlisted (over-the-counter, or OTC) corporate bonds and mortgage-backed securities: $50 + $2 per bond

Certificates of deposit

New issues: Purchase minimums of $5,000, no commission (interest rate reflects issuing bank’s fee)

Options

  • Online: $0, based on eligibility 
  • Person: $55 + $2.50 per contract
  • Options exercise/assignment fee: $25

Maintenance fees

  • Outgoing wired funds fee: $25. Waived for accounts in advisory program
  • Overnight check delivery fee: $12
  • NSF/return ACH or check deposit: $25
  • Electronic funds transfers (EFT): No charge
  • Transfers - outgoing full account: $50
  • Transfers of gifted securities or checks mailed regular delivery: No charge
  • Reorganizations, voluntary: $25
  • IRA termination fee: $130

This material is for informational or educational purposes only and is not fiduciary investment advice, or a securities, investment strategy, or insurance product recommendation. This material does not consider an individual’s own objectives or circumstances which should be the basis of any investment decision.

Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser.

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