BEST OF

14 Best Roth IRA Accounts of January 2021

A Roth IRA is a great tool to help you save for retirement. Check out our top Roth IRA providers below.

Andrea Coombes, Alana BensonDecember 22, 2020
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

A Roth individual retirement account, or IRA, is one of the best places to save for retirement — you put money in after paying income taxes on it, but then your account grows entirely tax-free. In retirement, you don’t have to pay any tax on withdrawals, provided you follow the rules, which can mean more financial freedom for you. And it’s easy to get going: It takes just 15 minutes to open an account.

We’re here to help. Every year, we evaluate major U.S. online brokers and robo-advisors to select the best Roth IRA account offerings. Our favorites are below. (Note: The star ratings on this page are for the provider overall. Some brokers with a lower overall rating are included here because IRAs are where they excel.)

Summary of Best Roth IRA Accounts of January 2021

Our pick for

Hands-On Investors

E*TRADE

on E*TRADE's website

E*TRADE

4.5

NerdWallet rating 
E*TRADE

Fees

$0

per trade

Account Minimum

$0

Promotion

$50 or more

when opening an account, with code: WINTER21

on E*TRADE's website


Promotion

$50 or more

when opening an account, with code: WINTER21

Why we like it

E*TRADE has long been one of the most popular online brokers. The company's $0 commissions and strong trading platforms appeal to active traders, while beginner investors benefit from a large library of educational resources.

Pros

  • Easy-to-use tools.

  • Large investment selection.

  • Excellent customer support.

  • Access to extensive research.

  • Advanced mobile app.

  • Commission-free stock, options and ETF trades.

Cons

  • Website can be difficult to navigate.

Read Full Review

Our picks for

Hands-Off Investors

SoFi Automated Investing

on SoFi Invest's website

SoFi Automated Investing

5.0

NerdWallet rating 
SoFi Automated Investing

Fees

0%

management fee

Account Minimum

$0

Promotion

Free

career counseling plus loan discounts with qualifying deposit

on SoFi Invest's website


Promotion

Free

career counseling plus loan discounts with qualifying deposit

Why we like it

SoFi Automated Investing is great for beginning, cost-conscious investors who favor a hands-off approach. Plus, as a customer, you could be eligible for bonuses on other SoFi products.

Pros

  • Broad range of low-cost investments.

  • Free management.

  • Automatic rebalancing.

  • Customer support.

  • Access to certified financial planners.

Cons

  • Limited account types.

  • No tax-loss harvesting.

Read Full Review
Betterment

on Betterment's website

Betterment

5.0

NerdWallet rating 
Betterment

Fees

0.25%

management fee

Account Minimum

$0

Promotion

Up to 1 year

of free management with a qualifying deposit

on Betterment's website


Promotion

Up to 1 year

of free management with a qualifying deposit

Why we like it

Betterment has maintained its status as the largest independent robo-advisor for a reason: The company offers a powerful combination of goal-based tools, affordable management fees and no account minimum.

Pros

  • Multiple portfolio options and customization.

  • No account minimum and low fees.

  • Fractional shares mean all your cash is invested.

  • Robust goal-based tools.

Cons

  • No direct indexing.

Read Full Review
Ellevest

on Ellevest's website

Ellevest

5.0

NerdWallet rating 
Ellevest

Fees

$1 - $9

per month

Account Minimum

$0

Promotion

2 months free

with promo code "nerdwallet"

on Ellevest's website


Promotion

2 months free

with promo code "nerdwallet"

Why we like it

This advisor markets itself to women and takes a goal-focused approach that factors in women’s lower incomes, lifetime earnings and longer lifespans. With its $0 account minimum, competitive membership fee and a la carte access to CFPs and coaches, Ellevest is an appealing choice for investors of any gender.

Pros

  • No account minimum.

  • Goal-focused investing approach.

  • Portfolio mix that factors women’s needs.

  • A la carte sessions with coaches and CFPs.

Cons

  • IRA access for Plus and Executive members only.

  • No tax-loss harvesting.

Read Full Review

Want to compare more options? Here are our other top picks:

Disclosure: The author held no positions in the aforementioned securities at the time of publication.

Last updated on December 22, 2020

Methodology

NerdWallet's ratings for brokers and robo-advisors are weighted averages of several categories, including investment selection, customer support, account fees, account minimum, trading costs and more. Our survey of brokers and robo-advisors includes the largest U.S. providers by assets under management, plus notable and/or emerging players in the industry. Factors we consider, depending on the category, include advisory fees, branch access, user-facing technology, customer service and mobile features. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

To recap our selections...

NerdWallet's Best Roth IRA Accounts of January 2021

Frequently asked questions