SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?


To: NIng Zhao who wrote (7534)3/25/1998 1:04:00 PM
From: dumbmoney  Respond to of 16892
 
<< Does anyone know why Datek only offering 4% on free balances? All other firms offer money market funds with yield over 5%. >>

Certainly not "all other". Some brokers pay only 3%. Datek doesn't sweep your money into a MM fund. Datek is like a bank: they take in money, for which they pay 4%, and then loan it out at 7%. (Sometimes they loan out the same money twice :-))



To: NIng Zhao who wrote (7534)3/25/1998 8:48:00 PM
From: Gerald Walls  Respond to of 16892
 
Does anyone know why Datek only offering 4% on free balances? All other firms offer money market funds with yield over 5%.

$9.95 per trade.