What is the minimum requirement to open an IRA account?

A $5,000 minimum deposit is required to open a Prosper IRA.

Prosper will reimburse up to $50 of Prosper's preferred custodian* fees if, at the end of each year, your Prosper account contains the following account balance (which consists of both uninvested cash and Notes):

  • At end of Year 1 - $5,000
  • At end of each subsequent year - $10,000

Prosper will not reimburse any third party custodian fees except those for Prosper's preferred custodians.

Prosper reserves the right to change the fee reimbursement policies or terminate the fee reimbursement program at any time. Prosper will notify you via e-mail of any changes in these reimbursement policies prior to any changes.


*Prosper's preferred custodians are Millennium Trust Company and AltoIRA.