TIAA-CREF Brokerage Services | Commission and Fee Schedule



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Commission and Fee Schedule

Equities
Online	Online equity trades - $19.95 Clients with TIAA-CREF brokerage assets over $500,000 - $15.95
Automated Telephone System (ATS)	$35
Client Service Assistance 1 800 927-3059	$55

Equity Notes:

Fees shown reflect stock prices greater than $1 per share. Orders to buy shares priced under $1 will not be accepted.
Orders to sell shares priced under $1 are handled via Client Service Assistance at $19.95 + 3% of transaction.
The lower fee is based on a household asset balance of $500,000 held in Brokerage Services. Contact a TIAA-CREF Brokerage Consultant regarding householding eligibility.

Bonds & CDs Bonds and CDs are available via Client Service Assistance. Please call 1 800 927-3059 for more information.
U.S. Treasury securities
New issues (at auction)	$50 per transaction
Existing issues	$1 per $1,000 face amount, $50 minimum
Municipal bonds, government agency bonds, unlisted (over-the-counter, or OTC) corporate bonds, and mortgage-backed securities	$50 + $2 per bond
Certificates of Deposit
New Issues	Purchase minimums of $5,000, no commission (interest rate reflects issuing bank's fee)
Sale before maturity	$35 per transaction (actual value may be less than par due to early redemption)

Options
Online	$19.95 + $2.00 per contract
Automated Telephone System (ATS): 1 800 842-2252	$35 + $2.00 per contract
Client Service Assistance: 1 800 927-3059	$55 + $2.50 per contract

Mutual Funds
No-transaction-fee (NTF) funds	Minimum initial investment for most funds: $2,500 for non-retirement accounts and $500 for IRAs Minimum additional investment: $500 Short-term redemption fee: $50 for shares held less than six months (waived for shares transferred from another brokerage firm or financial institution) Dollar-cost averaging transactions: No fee; minimum transaction $100
Transaction-fee (TF) funds	Transaction fee $35 per trade regardless of order size Minimum initial and additional investments typically based on amount listed in the fund's prospectus Dollar-cost averaging transactions: no fee; minimum transaction $100 Exchanges: $8 per trade regardless of order size

Account Maintenance Fees

Annual account maintenance fee:

Retail Brokerage Non-qualified - $30

Waived for brokerage account balances over $500,000

Waived for CSA Gold and Platinum account holders

Qualified Retirement Plan Self Directed Account $40 (billed $10 quarterly)

Annual IRA maintenance fee:

Retail Brokerage IRA - $35 (waived if balance over $50,000)

Investment Solutions IRA Self Directed Account - None

Foreign securities $75 for each order (not applicable to American Depositary Receipts) + commission

Wired funds fee $25

Overnight check delivery fee $12

Duplicate statements or confirms $2.50 per copy or $30 for full year

Margin extensions $15

Transfers - GNMA, Restricted, Legal $65 per transfer

Transfers - register & ship $80 per transfer

Transfers - outgoing Account $50 per transfer

Transfers - accommodation $80 per transfer

Reorganizations - voluntary $25

Post effective requests - voluntary $75

Account research $20 per hour

Cash Solutions Account and Cash Management Fees

Annual account fee Silver: No fee*
Gold: $65
Platinum: $110

* There is no annual CSA fee for Silver accounts; however, the annual brokerage maintenance fee may apply to accounts with less than $500,000.

Returned check or Automated Clearing House (ACH) transaction (for any reason) $25

Stop payment order fee $15

Lost or stolen checkbook $25

Checkbook reorder (CSA) $15

Copy of canceled checks $2.50 per copy

ATM fee Gold: No fee
Platinum: No fee

Note: No in-network fee assessed; other banks may charge a fee for out-of-network transactions. ATM card is not available with a Silver account.

TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual and Institutional Services, LLC, reserves the right to change this commission and fee schedule without prior notice.

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		TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC, members FINRA/SIPC Investment products are not FDIC insured, not bank guaranteed, and may lose value. © 2009 and prior years, TIAA-CREF Individual & Institutional Services, LLC, New York, NY 10017