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No. of Recommendations: 5
Sounds like you were opening a Roth with a bank as a custodian.

A Roth is a type of account, not an investment.

If you want to put mutual funds in your Roth, open the account with a mutual fund company.
If you want to put stocks and bonds into it, open the account with a broker.
If you open it with a bank, they will offer CDs and money markets.
The bank may have an arrangement with a broker or a mutual fund company, but if they do, the mutual funds will be load funds and the broker will be unnecessarily expensive because when you place an order both the bank and the broker will make commissions.

I'd choose a different custodian.
Best wishes, Chris
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