What other brokers are like Schwab and Fidelity??

[Bad_Badness]

IBKR isn’t as good with cash as Fidelity but they currently pay 4.8% if greater than $10k (IBKR pro). 3.8% for IBKR lite. Need to sign up for the program.

https://www.interactivebrokers.com/en/accounts/fees/pricing-interest-rates.php

https://www.interactivebrokers.com/en/services/cash-management.php

Plus you can buy and sell currencies at spot rate. So if you want to buy something in another country, e.g. Canada, Mexico, you can save your self a lot of spread (2-5%) on 100Ks. Then you can wire from there.

IB Sweep is also good but us currently closed to new high net worth customers. Perhaps they will reopen it someday.

 

[murray t turtle]

IBKR

%%
Looks right, IBKR, SCHW, Fidelity.
NOT likely BAC or WFC is on too many top lists;
unless you just want numerous brick locations.
I got a mortgage thru WFC once, no problems;
but no way would I want a brokerage account with WFC \way to many regulator fines+ losing lawsuits like BAC

 

[mervyn]

BOA bought Merrill Lynch, a friend still has 8 figures with them, lot of paperwork to move accounts.