⭐ Editor's Choice — Top Rated Pick
Fidelity® Roth & Traditional IRA
📍 Available in: US
★★★★★ 4.9 / 5.0
Fidelity is the largest retirement plan provider in America for good reason. Its Roth and Traditional IRAs charge $0 account maintenance fees, $0 account closeout/transfer-out fees, and require $0 minimum deposits. Exclusive to Fidelity retail investors are the Fidelity ZERO® Index Funds (FZROX Total Market, FZILX International), which charge a literal 0.00% expense ratio, ensuring 100% of your compounding stays in your pocket.
Key Facts at a Glance
| Cost / Fee Structure | $0 Account Fee & $0 Transfer-Out Fee |
| APR / Rate | 0.00% Expense Ratio (FZROX / FZILX Funds) |
| Coverage / Loan Limit | $0 Minimum to Open or Invest |
| Credit / Eligibility | ~4.55% Automatic SPAXX Core Cash Sweep |
Pros & Cons
✓ Pros
- ✓Zero-expense-ratio index funds (FZROX) and $0 minimums make it unbeatable for compound growth
- ✓Uninvested cash sitting in your IRA automatically earns ~4.55% in SPAXX without manual trades
- ✓Also offers full Solo 401(k), SEP IRA, and HSA accounts under the same login
✕ Cons
- ✕Fidelity ZERO® mutual funds are proprietary and cannot be transferred in-kind to another broker (fine inside a tax-free IRA where selling triggers zero tax)
- ✕No contribution match bonus like Robinhood
Key Features
Exclusive 0.00% Expense Ratio Fidelity ZERO® Index Mutual FundsAutomatic Uninvested Cash Sweep into SPAXX (~4.55% Yield)Dollar-Based Fractional Share Investing From $1.00 ("Stocks by the Slice")No ACATS Outgoing Account Transfer Fee ($0 vs. $75–$100 at competitors)24/7 U.S. Phone Support + 200+ Local Investor Centers
Compare Fidelity® Roth & Traditional IRA Side-by-Side
Not sure if Fidelity® Roth & Traditional IRA is the right fit? See how it stacks up against direct competitors: