How are accounts and investment products different?
Think of your account as an empty garage. You can fill it with trucks, cars, bicycles, or other vehicles you like. In the same way, you can fill your account with investment products such as mutual funds, ETFs (exchange-traded funds), stocks, bonds, and more. The first step is understanding what kind of account you need. Check out your options below.
- IRAs
- Individual & joint brokerage
- Cash Plus
- 529 savings
- Small business
- More accounts
An IRA makes saving for the future less taxing
Both traditional and Roth IRAs give you an easy way to save for retirement, offering different tax breaks.
Want flexibility? Consider an individual or joint brokerage account.
Individual and joint accounts are general investing accounts. They aren't subject to early withdrawal penalties that apply to retirement accounts—so you can take your money out when needed. Use these accounts to save for your dream home, wedding, and more.
Get FDIC insurance and a competitive APY for your cash savings
The Vanguard Cash Plus Account features a bank sweep program eligible for Federal Deposit Insurance Corporation (FDIC) insurance that offers a competitive yield on your short-term savings. The account gives you a low-risk way to save for your immediate needs and for emergencies.
Opening a 529 plan can pave the way for a well-funded education
Invest in a brighter future—for you, your children, your grandchildren, or someone else.
If you're a business owner, you know what it means to be self-reliant
That's why it's important to take advantage of retirement plans designed for small businesses. Choose from a SEP-IRA (Simplified Employee Pension) or an Individual 401(k). If you have employees, consider a SEP-IRA or SIMPLE IRA (Savings Incentive Match Plan for Employees).
UGMA/UTMA
Gift money to a minor without limiting it to education. A Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account is owned by a minor but managed by you until they become an adult. After that, they can use the money for any purpose.
Trust accounts
A way to leave assets to your loved ones. A trust account is a legal arrangement in which the grantor allows a third party, the trustee, to manage assets on behalf of the trust's beneficiaries.
Organization accounts
An account for a legally established company. An organization account offers trading and investment features that can help your business work toward its financial goals.
An IRA makes saving for the future less taxing
Both traditional and Roth IRAs give you an easy way to save for retirement, offering different tax breaks.
Want flexibility? Consider an individual or joint brokerage account.
Individual and joint accounts are general investing accounts. They aren't subject to early withdrawal penalties that apply to retirement accounts—so you can take your money out when needed. Use these accounts to save for your dream home, wedding, and more.
Get FDIC insurance and a competitive APY for your cash savings
The Vanguard Cash Plus Account features a bank sweep program eligible for Federal Deposit Insurance Corporation (FDIC) insurance that offers a competitive yield on your short-term savings. The account gives you a low-risk way to save for your immediate needs and for emergencies.
Opening a 529 plan can pave the way for a well-funded education
Invest in a brighter future—for you, your children, your grandchildren, or someone else.
If you're a business owner, you know what it means to be self-reliant
That's why it's important to take advantage of retirement plans designed for small businesses. Choose from a SEP-IRA (Simplified Employee Pension) or an Individual 401(k). If you have employees, consider a SEP-IRA or SIMPLE IRA (Savings Incentive Match Plan for Employees).
UGMA/UTMA
Gift money to a minor without limiting it to education. A Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account is owned by a minor but managed by you until they become an adult. After that, they can use the money for any purpose.
Trust accounts
A way to leave assets to your loved ones. A trust account is a legal arrangement in which the grantor allows a third party, the trustee, to manage assets on behalf of the trust's beneficiaries.
Organization accounts
An account for a legally established company. An organization account offers trading and investment features that can help your business work toward its financial goals.
Learn more about accounts that fit your goal
Not sure which account is right for you? Use our tool to identify the account that best fits your investing needs.
Adding a new account? Log in to get started.
What's the difference between accounts and investments?
Play our video to better understand how accounts and investments differ.
You'll never pay hidden fees at Vanguard
Low fees mean you can get more back from your investments. That's why we think it's important to be transparent and share which ones you can avoid here at Vanguard.
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The experiences of these Vanguard clients may not be representative of the experience of other Vanguard clients and are not a guarantee of future investment performance or success.
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Frequently asked questions
All account are suitable for beginners; you just have to know your investing goal. Once you know your goal, you'll be able to find an account that matches your needs.
Investors often save for retirement, future education, emergency funds, and other general savings goals like a car or a home.
You'll want to start mapping out an investment plan and consider what investments you want to hold in your account.
No. We don't charge a fee to open an account. There's a $25 annual fee for each brokerage and mutual fund-only account, but you can easily avoid this fee.
You’ll never pay a commission to buy or sell Vanguard mutual funds or ETFs in your Vanguard account.
Most Vanguard mutual funds have a $3,000 minimum, but you can invest in any Vanguard Target Retirement Fund or Vanguard STAR® Fund with as little as $1,000. (Some funds have minimums greater than $3,000 to protect the funds from short-term trading activity.)
You can buy a Vanguard ETF® for as little as $1, regardless of the ETF's share price. All stocks and non-Vanguard ETFs must be bought at market price.
An expense ratio reflects how much a mutual fund or ETF pays for portfolio management, administration, marketing, and distribution. It’s calculated by dividing the fund's operational expenses by its average net assets.
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For more information about Vanguard funds or ETFs, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
You must buy and sell Vanguard ETF Shares through Vanguard Brokerage Services (we offer them commission-free online) or through another broker (who may charge commissions). See the Vanguard Brokerage Services Commission and Fee Schedules for limits. Vanguard ETF Shares are not redeemable directly with the issuing Fund other than in very large aggregations worth millions of dollars. ETFs are subject to market volatility. When buying or selling an ETF, you will pay or receive the current market price, which may be more or less than net asset value.
All investing is subject to risk, including the possible loss of the money you invest.
Vanguard's advice services are provided by Vanguard Advisers, Inc. ("VAI"), a registered investment advisor, or by Vanguard National Trust Company ("VNTC"), a federally chartered, limited-purpose trust company.
The services provided to clients will vary based upon the service selected, including management, fees, eligibility, and access to an advisor. Find VAI's Form CRS and each program's advisory brochure here for an overview.
VAI and VNTC are subsidiaries of The Vanguard Group, Inc., and affiliates of Vanguard Marketing Corporation. Neither VAI, VNTC, nor its affiliates guarantee profits or protection from losses.