Costs
Investment and Account Minimums

Homestead Funds keeps its investment minimums low, so everyone can afford to invest. You can open an Individual Retirement or Education Savings Account with as little as $200 and a regular, taxable account for $500. There’s no minimum if you open an account and establish a program of scheduled investments sent directly from your bank account or paycheck.

Investment Minimums

Regular Accounts: The minimum to open a taxable account is $500.

• Individual account
• Joint account
• UGMA/UTMA account
• Corporate account
• Trust account

Individual Retirement Accounts: The minimum to open an IRA is $200.

• Roth IRA
• Traditional IRA
• Rollover IRA

Education Savings Accounts: The minimum to open an Education Savings Account is $200.

Account Minimums

Due to the relatively high cost of maintaining small accounts, Homestead Funds reserves the right to close your account if the value of the account falls below $500 ($200 for IRA accounts) as the result of redemptions or if you elect to participate in the automatic investment plan and stop making investments before the account reaches this minimum amount. Before closing your account, we will notify you in writing and give you 60 days to bring your account balance to at least the minimum.