Prosper.com now offers an IRA for investors including traditional, Roth, SEP, and 401(k) rollovers.
You can now open a new or rollover IRA at Prosper.com for a tax-advantaged investment account with no fees and automated reinvestments.
Prosper has partnered with Sterling Trust to provide IRAs with no fees when you maintain qualifying deposits.
Learn more about the new Prosper.com IRAs to open a tax-advantaged Prosper investment account.
How To Maintain Prosper IRA with No Fees
A minimum of $5,000 is required to open an Individual Retirement Account for investing with Prosper.com.
Prosper will pay your IRA service fees, which are due to your IRA custodian upon account opening, if your Prosper IRA has an initial balance of $5,000 or more in Prosper Notes within 2 months of opening, and maintains this balance throughout the year.
Prosper will continue to pay your IRA service fees after the first year if your IRA has an invested balance of $10,000 or more in Prosper Notes as of the first business day immediately after the anniversary date of the opening of your account, and maintains a balance of at least $10,000 in Prosper Notes throughout the year.
An annual fee from your IRA custodian applies to accounts that don’t meet these requirements.
More About Prosper IRAs
Traditional, Roth, SEP, and 401(k) rollovers are eligible for investing in a Prosper IRA.
The minimum investment requirement is $5,000.
All fees for accounts with balances of at least $10,000 are paid by Prosper.com ($5,000 requirement during first year).
Check out the Prosper Referral Program to earn $100 referral bonuses once you become a Prosper member.
Invest in a Prosper IRA today.