What is a E*Trade custodial account?

E*TRADE custodial accounts allow for commission-free stocks, ETFs, and options. Fees for funds vary, but E*TRADE offers thousands of no-load, no-transaction-fee mutual funds.

What is a custodial account?

With a custodial account, the adult — also known as the account custodian — manages and maintains ownership of the account until the child reaches the age of majority, which varies by state. At that point, the child is generally able to take control of the account and funds, though in some cases you may be able to continue to apply restrictions.

What is a custodial brokerage account?

Custodial brokerage accounts are savings accounts for parents or guardians to invest on behalf of their children or dependents. Ownership of these accounts transfers to the minors once they reach legal age (typically 18 or 21, depending on the state). Other savings accounts for minors are 529 college savings plans, custodial IRAs, and trusts.