BAC: That'd be about 30 x $10/trade = $300 saved. Tying up $25k on their 10 month CD earns 5%. You get maybe $1250 pretax per annum, maybe $850 after tax. Buying $25K worth of BAC stock, yields now 4%, maybe $1000 pretax, maybe $800-850 post tax (depending on state tax on div. income, and also the timing of the dividends). For me, I'd rather just make a BAC stock bet. Of course, that option is more risky. OTOH, savings with 'free' trades doesn't seem that great, while BAC stock is on an upswing (which may/or may not continue).
finance.yahoo.com
(I am holding some BAC, also C, etc.)
(Edit: I'm assuming "a trade" according to BAC means either a buy or a sell, not the round trip.) |
