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To: GraceZ who wrote (84177)8/9/2007 11:03:33 AM
From: Jim McMannisRespond to of 306849
 
RE:"I use Scottrade most of the time (as well as Schwab and TD Waterhouse) and the interest they pay on cash balances is pitiful in comparison to the rate they charge for margin, it's quite the spread."

One reason I left Scottrade.



To: GraceZ who wrote (84177)8/9/2007 11:11:37 AM
From: TommasoRespond to of 306849
 
>>>and the interest they pay on cash balances is pitiful in comparison to the rate they charge for margin,<<<

I have not used margin much in recent years, but it seems to me that the spread was much smaller 20 years ago.



To: GraceZ who wrote (84177)8/9/2007 12:34:49 PM
From: MulhollandDriveRespond to of 306849
 
he interest they pay on cash balances is pitiful in comparison to the rate they charge for margin, it's quite the spread.

same with ameritrade....that's why i'm always moving cash out to hsbc as it accumulates in the brokerage portfolio