Interest Rates on uninvested cash in Brokerage Accounts.

Discussion in 'Retail Brokers' started by seasideheights, Dec 21, 2006.

  1. Let's list off the retail brokers & the interest rate they pay on uninvested cash in brokerage accounts.

    Some firms give almost nothing, which is in effect a quasi-hidden HUGE charge to traders.

    So let's list off the brokers & how much they pay.
  2. Toonces


    TradeStation and Penson are both paying about 1.5%, last time I checked.
  3. moods


    im with scottrade, (but leaving them soon for thinkorswim)

    looking at my account history, I have had credit interest range from 1.75% to 2.25%

    anybody know what TOS rates are?
  4. I have Money Market sweep in Penson..

    yields 4.35%

  5. TOS uses Penson so I imagine its the same as the other post above.