Interest Rates
Credit Interest/ Positive Cash Balance:
Annual interest rates (current as of May 1st 2008) are subject to change concurrent with a change
in the Federal Funds Rate. Cash interest is paid monthly, and at least $1 of
which must be earned in order to be paid out.
| CREDIT BALANCE TIER | INTEREST RATE |
| $0 - $25,000 | .00% |
| $25,000 - $100,000 | .25% |
| Over $100,000 | .75% |
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Margin Interest Rates/Negative Cash Balance:
Margin account debits will be
charged interest on a monthly basis. The rate is based upon the Broker Call
(Call Money) Rate*, and varies according to the average debit balance for
the month.
| DEBIT BALANCE | INTEREST RATE CHARGED | |
| $0 - $49,999 | 3.75% + 1.50% | (5.25%) |
| $50,000 - $99,000 | 3.75% + 0.75% | (4.50%) |
| $100,000 - $249,000 | 3.75% + 0.25% | (4.00%) |
| $250,000 - $499,000 | 3.75% - 0.25% | (3.50%) |
| $500,000 - $999,999 | 3.75% - 0.75% | (3.00%) |
| $1,000,000 + | 3.75% - 1.00% | (2.75%) |
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| *As of May 1st 2008, the broker call rate is 3.75%. This rate is published in financial newspapers. | ||