Recently Vanguard did away with all those small fees they charged for low balances, custodial charges, etc; and went with one fee for every fund in which you don’t have a balance over $10,000. If you don’t have $10,000, you can always opt for going all-electronic (or having over $100k) because that will get you out of the $20 fee as well! You save the environment and $20 all at once.
Here is the text of the new replacement fee:
For nonretirement accounts, traditional IRAs, Roth IRAs, UGMAs/UTMAs, SEP?IRAs, and education savings accounts (ESAs):
Vanguard charges a $20 annual account service fee for each Vanguard fund in which you have a balance under $10,000 in an account. You can eliminate this fee by registering for account access on Vanguard.com® and establishing electronic delivery of statements, reports, and other shareholder materials through Vanguard?s e-service package. This fee does not apply if the account owner?s total Vanguard assets (including IRAs, employer-sponsored plans, annuities, and nonretirement accounts) total $100,000 or more.
{ 3 comments… read them below or add one }
Sign up for E- Service Package
I wish to sign up for E-Service Package
I really don’t think this is a fair way to handle this but I certainly do not want charged an annual fee of $20.00. Please reimburse me as promised by the end of July. I believe I have signed up for e-service. If not, let me know.
Kathleen Tarlton