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Highest brokerage firm cash interest rates in 2010
Interest rates at historic lows right now. It's hard to find brokerage company that will yield even 1% on account's
cash balance. Below we are listing highest rated stock brokers with their interest rates as of July 2010. Note, that
with some companies this rate will be higher if account balance is over $50,000. Most companies are offering money
market account options with higher rates.
But the interest in all those accounts is so low that
customers are likely to get much more value by switching to lower commission brokerages and saving on investment costs
than on earning cash interest.
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Stocks: $7
Options: $7 plus
$1.25 per contract
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Scottrade
Review
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Stocks: $4.95
Options: $4.95 plus
$0.65 per contract
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0.05%
Three money market funds:
Premium Reserve Money CXPXX
(minimum required $100K) - 0.01%
Service Shares CSAXX
(minimum required $50K) - 0.01%
Tax Exempt Portfolio Serv Shares II DTDXX
(min. required $50K) - 0.01%
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TradeKing
Review
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Stocks: $2.95
Options: up to five contracts for $5,
each additional contract $1
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CSAXX Money Market - 0.01%
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Optionshouse
Review
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Stocks: $0 ($4.50)
Options: $4.50 plus
$0.50 per contract
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0.025%
Three money market funds:
CAT Tax Exempt Portfolio (Ticker CHSXX) 0.87%
CAT MM Portfolio (Ticker CSAXX) 0.76%
ICT Treasury Portfolio (Ticker ITRXX) 0.01%
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Zecco
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Stocks: $7.50
Options: $0.50 per contract
minimum $12.50
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0.01%
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tradeMONSTER
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Stocks: $9.95
(over 8 trades)
$14.95 (0-8 trades)
Options: $14.95
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0.02%
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optionsXpress
Review
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Stocks: $5
Options: $0.99 per contact
$8.95 minimum
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ChoiceTrade
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Stocks: $4.95 - $9.95
Options: $7.95 plus
$1 per contract.
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Only pay interest on cash deposits
when prime ios above 4.5%.
At this time the prime rate
is only at 2.5%,
so no interest.
For details, go
here.
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Questrade
Review
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