Best Brokerage Account Interest Rates on Uninvested Cash in 2015


Interest rates in the United States have been at the historic lows for a few years now. This is a result of the Federal Reserve policy to stimulate the economy. As a result of this, it's hard to find a brokerage company that will yield more than 0.10% on account's uninvested cash balance.

Below we are listing the highest rated online stock brokers with their interest rates as of end of 2015. As you see from the table below, most brokerage firms, both large and small, old and new, expensive and cheap, are remarkably on the same page in offering incredibly low, 0.01% interest rate on their customers cash. The highest investment account interest rate on uninvested cash is 0.10% and it is available at Capital One Investing.

The interest rates in all brokerage firm accounts are so low that customers are likely to get much more value by switching to lower commission brokerages and saving on commissions and fees rather than by earning interest on their cash. We suggest to consumers to shop around and find brokers with lower commissions and fewer fees.


High Yield Alternatives


For anyone looking for the highest yield with no risk, online-only financial institutions will offer the best rates since they don't have an expense of maintaining physical branches. The largest company and the safest bet will be Discover bank online savings account and other Discover bank online products.

For investors who want to earn a sky-high by today's standards interest of up to 10% and who could handle more risk, there is an interesting industry called peer-to-peer landing, and the leading company there is Lending Club.


Brokerage Interest Rates Table


Brokerage
Rating
Trading
Commissions
Interest
Rate
Broker
Review



Capital One Investing Review
Stocks, ETFs: $6.95

Mutual Funds: $19.95

Options: $6.95 plus
$0.75 per contract
0.10% Capital One Investing
Review
4.5-star brokerage firm rating

TradeKing Review
Stocks, ETFs: $4.95

Mutual Funds: $9.95

Options: $4.95 plus
$0.65 per contract
0.01% TradeKing
Review


Optionshouse Review
Stocks, ETFs: $4.95

Mutual Funds: $20

Options: $4.95 plus $0.50 per contract
0.01% Optionshouse
Review
4-star brokerage firm rating

Fidelity Review
Stocks, ETFs: $7.95

Mutual Funds: $49.95 ($75 for some funds)

Options: $7.95 plus
$0.75 per contract
0.01% Fidelity
Review
4-star brokerage firm rating

OptionsXpress review
Stocks, ETFs: $8.95

Mutual Funds: $9.95

Options: $14.95
(1 - 10 contracts)
0.01% OptionsXpress
Review


TDAmeritrade review
Stocks, ETFs: $9.99

Mutual Funds: $49.99

Options: $9.99 plus
$0.75 per contract
0.01% TD Ameritrade
Review


Scottrade Review
Stocks, ETFs: $7

Mutual Funds: $17

Options: $7 plus
$1.25 per contract
0.01% Scottrade
Review
4-star brokerage firm rating

Charles Schwab Review
Stocks, ETFs: $8.95

Mutual Funds: $76 to buy
$0 to sell

Options: $8.95 plus
$0.75 per contract
0.01% Charles Schwab
Review

3-star brokerage firm rating

WellsTrade review
Stocks, ETFs: $8.95

Mutual Funds: $35

Options: $9.95 plus
$1 per contract
0.01% WellsTrade
Review


Etrade Review
Stocks, ETFs: $9.99

Mutual Funds: $19.99

Options: $9.99 plus
$0.75 per contract
0.01% Etrade
Review
Updated on 11/16/2015.



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