Interest Rates on uninvested cash in Brokerage Accounts.

[seasideheights]

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.

 

[Toonces]

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

 

[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?

 

[sobemark]

I have Money Market sweep in Penson..

yields 4.35%

--m

 

[thegazelle]

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