Vanguard is raising the minimum amounts needed to open individual retirement accounts and custodial accounts for minors for the first time in 10 years.

The minimum investment required for a Vanguard IRA and custodial account is being tripled, from $1,000 to $3,000, while the minimum needed for a Vanguard Education Savings Account is being doubled, from $1,000 to $2,000. An exception to the increases is the Vanguard STAR fund, popular among IRA owners and entry-level investors. Its minimum will stay at $ 1, 000.

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