Merrill Edge Margin Interest Rates

2019 current Merrill Lynch margin rates: interest rates, fees, charged on trading account margin loans. Base lending rate (BLR). Merrill Edge broker loan cost.

Current Merrill Edge Margin Rates

Debit Balance Margin Rate
above $10,000,000 6.750%
$5,000,000 - $9,999,999 7.000%
$1,000,000 - $4,999,999 7.500%
$500,000 - $999,999 8.125%
$100,000 - $499,999 8.375%
$25,000 - $99,999 9.750%
under $25,000 10.875%

Merrill Edge Base Lending Rate (BLR)

The Merrill Edge Base Lending Rate (BLR) is 7.250%. Merrill Lynch margin interest rates on trading account range from BLR - 0.750% to BLR + 3.375%.

Lowest Margin Rates

Broker $0 - $4,999 $5,000 - $9,999 $10,000 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 - $249,999 $250,000 - $499,999 $500,000 - $999,999 above $1,000,000
M1 Finance 4.25% 4.25% 4.25% 4.25% 4.25% 4.25% 4.25% 4.25% 4.25%
ZacksTrade 5.90% 5.90% 5.90% 5.90% 5.90% 5.40% 5.40% 5.40% 5.40%
TastyWorks 8.00% 8.00% 8.00% 7.50% 7.00% 6.50% 6.00% 5.50% 5.00%

Margin Interest Calculator

Calculate how much you will pay Merrill Edge in margin interest with Margin interest calculator.

Online Brokers Margin Rates

See all Brokerage Firms Margin Rates »

Merrill Edge Review

Merrill Edge rating

Read full Merrill Edge Review »

The website is well designed and easy to use even for beginner investors. Trading screens get the job done for most users though the firm is not offering a lot of advanced functionality (for example, advanced order types) that can be found with many other online brokers.

Merrill Edge margin interest

Merrill Edge self directed account offers an advanced, full-screen, highly customizable trading platform called MarketPro. Among others, MarketPro provides the Technical Insight tool which helps clients locate patterns in individual investments based on bullish or bearish technical events. Also included is the Strategy Builder tool which allows users to screen investments based on a whole host of metrics. Active day traders may employ the Intraday Trader tool to receive alerts from technical signals that are triggered throughout the day.

To qualify for MarketPro, clients must maintain total combined balances of $50,000 or more in Merrill Edge and Merrill Lynch investment accounts and Bank of America deposit accounts, or make at least 15 self-directed trades per quarter.

For customers who want to monitor their investments on smartphones, there are apps available for most major hand-held devices: iPad, iPhone, Android, and Blackberry. These apps are rated 3 stars at iTunes and 4 stars at Google Play. With the apps users get access to their portfolio, quotes, news, alerts, watchlists, mobile trading, and real-time transfers.

Merrill Lynch Margin Rates Disclaimer

Merrill Edge margin rates are as of 2019 and are subject to change. For the most recent information on Merrill Lynch margin rates visit their website.

Recommended Articles

M1 Finance vs Robinhood
Interactive Brokers margin rates
Merrill Edge after hours trading

Bank of America Margin Rates

There are two main types of IRA plans available, Traditional IRA’s and Roth IRA’s. Both are intended to allow consumers to save money for their retirement. The difference between the two options is that Roth IRA’s tax contributions at the time of deposit so that you can take money out without having extra tax fees. With Traditional IRA the amount you contribute is not taxed when you make it but will be taxed when you'll get money out.

In addition to the tax differences, you are also able to start removing funds from your Roth IRA after you have made contributions in as little as five years. This is a great option for consumers who want to use the money for something like furthering their education or putting a down payment on a piece of property.

While there are many benefits to both forms of IRA plans, knowing where to open a Roth IRA is the hardest part of starting your retirement savings. Different institutions have different policies when it comes to investing your money; some prefer stocks while other prefer to stick with mutual funds. Your level of understanding has a lot to do with the company you untimely choose but a good place to start regardless of your knowledge level is Bank of America.

Bank of America offers several banking and financial services, some of which are retirement focused. The firm's new brokerage section is called Merrill Edge.

Merrill Edge IRAs

Bank of America offers a few options for an IRA account. In this article we will talk about their most popular retirement solution, a discount brokerage service that goes by the name Merrill Edge. Merrill Lynch created this self-directed investing arm in an effort to compete with large companies in online stock brokers list. For customers who prefer to do their own investing, Merrill Edge makes it as easy and convenient.

After opening an IRA account at Merrill Edge and signing in into their account, users have access to a number of research and trading tools. Here is a short list:

- Stock screener examines thousands of stocks to determine their suitability as investments based on parameters set by the user

- Customizable charts let users know how their stocks are performing in real time

- Up-to-date information from third-party investment research firms such as Standard & Poor's and Morningstar

- Financial comparison tools rank securities based on earnings, growth, ratings, and fundamentals

- Company profiles give members all the information they need about a stock on a single page

- Educational resources help traders of all skill levels learn or review the basics of investing

Merrill Lynch margin interest rate

Recommended Articles

Ally margin loan rates
Etrade margin loan rate

Bank of America Integration

Want to supercharge your Merrill Edge account? Open a Bank of America checking account. What transforms Merrill Edge from a fairly good brokerage into a truly great one is the way it interfaces with Bank of America. Bank of America customers can view account balances, transfer funds between accounts, and access Merrill Edge account statements through Bank of America ATMs. Bank of America investment advisors are also able to support Merrill Edge clients in person at any branch bank location in the United States.

Bank of America did everything imaginable to make the use of Merrill Edge and Bank of America services as seamless as possible. Investors who carry a combined balance of at least $50,000 between their checking and Merrill Edge accounts will earn Preferred Rewards Platinum status on the Merrill Edge platform. Maintain an average balance of at least $100,000 and you will be promoted to Platinum Honors status.

Preferred Rewards Platinum clients are given 30 free online stock and ETF trades each month. Platinum Honors members enjoy 100 free online stock and ETF trades per month. Because these free trades can be used to purchase any ETFs, Merrill Edge customers who maintain Platinum or Platinum Honors status effectively have commission free access to thousands of ETFs. This is a highly attractive feature that should be compelling for anyone looking to use boutique ETFs to gain exposure to small, specialized markets.

The advantages of fusing Bank of America products and Merrill Edge investment accounts do not stop with free trades. Bank of America provides rewards point bonuses of up to 75%, out of network ATM fee rebates, money market interest rate boosters, mortgage origination fee rebates, and auto loan discounts for Merrill Edge clients. Other minor fee waivers, like certain types of overdraft protection, are also offered to Merrill Edge customers. For investors currently using or considering Bank of America, a Merrill Edge account makes a tremendous amount of sense, provided that they will maintain the minimum investment level needed to qualify for the discounts.