What interest rate does your brokerage firm give you?

Last post 12-02-2009 11:28 AM by jberman. 6 replies.

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10-24-2009 6:51 PM

Montana
Joined on 08-13-2007
Posts 2,129

What interest rate does your brokerage firm give you?

What interest rate does your brokerage firm give you when you park your money between trades. I have heard some of the brokerage money market accounts for parking money are as high as 3.5%.

10-25-2009 12:45 PM In reply to

corky
Joined on 10-30-2007
Posts 8,513

Re: What interest rate does your brokerage firm give you?

3.5% Is great ! I use scottrade and have most of my money parked right now . I will check out what they are paying and get back to you .

10-25-2009 12:57 PM In reply to

corky
Joined on 10-30-2007
Posts 8,513

Re: What interest rate does your brokerage firm give you?

I am not sure I was looking in the right place but from what I just saw it depends on how much money you have parked and mine is only 0.15 % if I was looking at the right chart . I will call them tomorrow and ask .

11-17-2009 11:33 AM In reply to

indianatrukr
Joined on 09-16-2007
Posts 812

Re: What interest rate does your brokerage firm give you?

In sharebuilder you can find their rate in the symbol BDMXX.and its 0.01% after 7 days. i generally dont hold cash in there i am constantly in and out of trades.

11-20-2009 1:34 PM In reply to

Ultor
Joined on 08-20-2009
Posts 6

Re: What interest rate does your brokerage firm give you?

How much does zecco give?

11-24-2009 12:36 AM In reply to

podstock
Joined on 05-11-2008
Posts 3,035

Re: What interest rate does your brokerage firm give you?

TDAmeritrade gives horrible rates, something less than 1%, I think.

I trade nearly every day, so not too much money is parked, un-used.

12-02-2009 11:28 AM In reply to

jberman
Joined on 07-15-2009
Posts 49

Re: What interest rate does your brokerage firm give you?

What rates does schwabb give? Is this a good site to use?

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