Open a Midas Account
Investing with Midas is easy. You can create an online account, link your bank account, and invest by clicking “Online Application” below, or fill out an account application below and mail it with your check to Midas.
You have a choice of opening a:
- regular account
- trust or corporate account
- individual retirement account (IRA)
- educational savings account (Coverdell)
- health savings accounts (HSA)
There is a $1,000 Minimum Investment to open a regular (or Uniform Gift/Transfer to a Minor) account, retirement (IRA) or education savings account.
There is no minimum if you start an Automatic Investment Program, making at least $100 monthly investments. Automatic investing is safe, easy, and convenient — just fill in the appropriate information on the application.
Regular Account Applications
|Regular Account Application||Online Application||Paper/PDF Application|
|Uniform Gift/Transfer to a Minor Account Application||Online Application||Paper/PDF Application|
|Individual Retirement Account (IRA) Application||Online Application||Paper/PDF Application|
|Beneficiary Designation for Transfer on Death Form||-||Paper/PDF Application|
|Coverdell Education Savings Account (ESA) Application||-||Paper/PDF Application|
|Health Savings Account Application (HSA)||-||Paper/PDF Application|
|Individual, Joint or UGMA/UTMA Application||Online Application||Paper/PDF Application||FAQs|
|Application for Corporations, Trusts and Other Entities||-||Paper/PDF Application||FAQs|
|Trust Certification Form||Form|
Retirement Account Applications
Traditional and SEP-IRA Accounts
Save for retirement and gain tax advantages. Anyone under age 70-½ with earned income can contribute to a traditional IRA, or a Simplified Employee Pension IRA (SEP IRA, a retirement plan specifically designed for, and funded by, self-employed people and small-business owners). Contributions may be tax deductible, and taxes on earnings are deferred until you withdraw funds from the account, so your investments have the opportunity to compound faster.
Roth IRA Accounts
Roth IRA accounts have no mandatory annual distribution requirements, and you can contribute beyond age 70-½. Eligibility depends on income.
SIMPLE IRA Accounts
The Savings Incentive Match Plan for Employees (SIMPLE) plan is devised specifically to help satisfy the needs of small businesses with 100 or fewer employees. SIMPLE plans allow employee contributions and a limited employer contribution.
Education and Health Savings Applications
Coverdell Education Savings Accounts (ESA)
An education savings account (ESA) is a plan set up and managed by a parent or guardian for a minor. Amounts deposited in the account can grow tax-deferred until distributed, and the child will not owe tax on any withdrawal for qualified primary, secondary and/or higher education expenses.
Health Savings Accounts (HSA)
A Health Savings Account (HSA) is a new, portable, savings account that allows you to set aside money for health care tax-free. You must have high deductible health insurance to open an HSA. Different from other benefit products, an HSA rolls over from year to year (there is no “use it or lose it”), interest is paid, money can be invested in mutual funds, and it is owned by you, not your employer.
|Education Savings Accounts||-||Paper/PDF Application||Transfer Form||Distribution Form||Agreement & Disclosure||Change of Beneficiary||FAQs|
|Health Savings Accounts||-||Paper/PDF Application||Transfer Form||Distribution Form||Agreement & Disclosure||Change of Beneficiary||FAQs|
Systematic Investing Plans
Systematic Purchase/Withdrawal Form
Arrange for automatic investment into your Midas account or systematic withdrawal — bi-weekly, monthly, quarterly, annually or semi-annually — between your bank account and your Midas account.
Systematic Salary Investing Plan
Have your employer automatically deduct and invest a pre-determined part of your salary into your Midas account.
Systematic U.S. Government Direct Deposit Form
Have your U.S. Government payment directly deposited to your Midas account.
|Systematic Purchase/Withdrawal Form||Paper/PDF Application|
|Systematic Salary Investing Plan||Paper/PDF Application|
|U.S. Government Direct Deposit Form||Paper/PDF Application|
|Gift Transfer Form||Paper/PDF Application|
Gift Transfer Form
Use this form to give shares from your Midas account as a gift to an individual or a charity. Since the transfer of shares does not result in a sale of securities the donor does not incur a taxable event; however, a gift tax may be applicable.
|Uniform Gift/Transfer to a Minor Account Application||Online Application||Gift Transfer Form|
Midas Forms Library