Quote from droskill:
Actually, I just check with MBTrading and they offer the following:
On the question of MB Trading interest rates:
Money Market Rates: see below
Free cash is swept into a separate Scudder Funds money market account at the end of each day to earn a higher interest rate. If a specific fund is not selected when opening a new account, the highest average yielding fund (CAT MM Portfolio) is selected automatically. To switch between the available money market funds below, simply email support@mbtrading.com.
Scudder Fund Name Code 1 Day Yield
CAT Tax Exempt Portfolio ST 2.611%
Tax Exempt California¹ SA 2.603%
Tax Exempt New York¹ SY 2.589%
CAT MM Portfolio SC 4.233%
CAT Gov't & Agency SG 4.297%
ICT Treasury Portfolio SR 4.160%
Investors Florida¹ SF 2.607%
Investors New Jersey¹ SJ 2.633%
Investors Penn¹ SE 2.695%
Connecticut¹ SN 2.613%
Massachusetts¹ SS 2.496%
Ohio¹ SO 2.597%
Virginia¹ SV 2.524%
Reich & Tang RT 4.231%
Clearly not that good - the $10k may not make a difference if that is the best rate they can offer.
Droskill,
Take a good look at TradeStations income statement sometime.That should tell you where their focus is,and its NOT in software development..
