BELLEVUE, Wash. The online investing company Netstock Corp. has unveiled an Individual Retirement Account that lets investors make minimal monthly contributions.
Individuals can invest $166 a month in a Sharebuilder IRA while working up to their maximum $2,000 contribution.
There are no fees to open the account, and the customer can buy individual stocks or index securities inside the account for $2 per transaction.
Accounts can be set up either as traditional or Roth IRAs, which can be designated by the click of a button while the account is being established.
The account is available only through a secure log-in to www.sharebuilder.com.