Fixed Income Fees and Minimum Investment Amounts
|
Product |
Fee |
Minimum Investment |
Increments |
|
Certificates of Deposit |
Scottrade Acts as Principal* |
$5,000 |
$1,000 |
|
OTC Secondary Corporates |
Scottrade Acts as Principal* |
$10,000 |
$1,000 |
|
OTC Secondary Municipals |
Scottrade Acts as Principal* |
$10,000 |
$5,000 |
|
U.S. Treasury Bills, Notes, Bonds and Strips |
Scottrade Acts as Principal* |
$10,000 |
$1,000 |
|
New Corporate Offerings |
Scottrade Acts as Principal* |
$5,000 |
$1,000 |
|
Listed Corporate Bonds |
$35 fee + $3 per Bond |
$1,000 |
$1,000 |
|
Unit Investment Trusts(UIT) |
$50 Liquidation Fee |
Check UIT prospectus |
None |
* When Scottrade acts as a principal, the bonds will be subject to a markup or
markdown.
Foreign Stocks
|
Service |
Price |
|
Transferring In or Out |
$60 per transaction |
|
Depositing |
$250 per certificate |
|
Issuing a Physical Certificate |
$250 per certificate |
Miscellaneous Fees
|
Service |
Fee |
|
Mailed confirmation to an Internet account |
$1 |
|
Mailed statement to an Internet account |
$2 |
|
Duplicate historical confirmation |
$2 |
|
Duplicate historical statement |
$3 |
|
Overnight delivery |
$20 |
|
Returned checks |
$20 |
|
Notices, such as Sell out or Buy in |
$20 |
|
Wire funds out domestic/international |
$20/$40 |
|
Voluntary reorganizations |
$25 |
|
Legal items |
$25 |
|
Cashless Stock Options Processing Fee |
$50
(Plus applicable Commission and Margin interest) |
|
Merger/Redemption deposit of old stock certificate |
$90 |
|
Regulatory Transaction Fee |
$.00169 per $100 of sales proceeds |
|
DTC certificate deposit rejection due to stop transfer/certificate replacement |
$125 |
|
ADR Fee passed on from issuing/managing bank |
Typically $.00 to $.05 per share |
Margin Interest Rates
|
LOAN BALANCE |
INTEREST RATE |
|
$0.01 - $9,999.99 |
base rate(8.00%) less 0.25% = 7.75% |
|
$10,000.00 - $24,999.99 |
base rate(8.00%) less 0.50% = 7.50% |
|
$25,000.00 - $49,999.99 |
base rate(8.00%) less 0.75% = 7.25% |
|
$50,000.00 - $99,999.99 |
base rate(8.00%) less 1.25% = 6.75% |
|
$100,000.00 - $249,999.99 |
base rate(8.00%) less 1.50% = 6.50% |
|
$250,000.00 - $499,999.99 |
base rate(8.00%) less 1.75% = 6.25% |
|
$500,000.00 - $999,999.99 |
base rate(8.00%) less 2.25% = 5.75% |
|
$1,000,000.00 and above |
base rate(8.00%) less 2.75% = 5.25% |
Credit Interest Rates
|
FREE CREDIT BALANCE |
INTEREST RATE APY |
|
$0.01 - 9,999.99 |
0.03% 0.03% |
|
$10,000.00 - 24,999.99 |
0.07% 0.07% |
|
$25,000.00 - 99,999.99 |
0.10% 0.10% |
|
$100,000.00 - 249,999.99 |
0.20% 0.20% |
|
$250,000.00 - 499,999.99 |
0.27% 0.27% |
|
$500,000.00 - 999,999.99 |
0.30% 0.30% |
|
$1,000,000.00 and Greater |
0.33% 0.33% |
Scottrade Fees are as of July 2010 and are subject to change. For most recent information go here:
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