What Is the Minimum Deposit to Open a Roth IRA?


Quick Answer

The minimum deposit to open a Roth IRA depends on the account provider, according to Zacks. Although some providers may have no minimum deposit requirement, the investor must earn money to contribute to an IRA and cannot contribute more than her total earnings, according to Bankrate.

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Full Answer

As of 2015, Zecco has no minimum deposit requirement, and the Vanguard Group has a minimum required deposit of $1,000 to open a Roth IRA, according to Zacks. Some providers waive a minimum deposit if the individual agrees to conditions like automatic monthly payments. For married individuals who are filing jointly, a Roth IRA can be opened for a non-working spouse with the same contribution limits as the account held by the working spouse, according to Bankrate.

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