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Non-Tech : Bill Wexler's Dog Pound
REFR 1.560-2.5%Nov 7 9:30 AM EST
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To: lindend who wrote (1459)6/22/1999 2:07:00 AM
From: Mark L.  Read Replies (1) of 10293
 
"Schwab says they legally can't provide interest on short proceeds."

Now you know how Charles got on the Forbes 400.

Every firm I've ever done business with (5 firms) pays interest on short credit balances. None of them do it enthusiastically however. I have been told that it is fruitless to even broach the subject unless you are talking about at least $600,000 in short credit balances, but that may be an urban legend.

For whatever it's worth, the interest I'm paid seems to have gone down somewhat in the last year.
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