Merrill Edge Margin Interest Rates

2022 current Merrill Lynch Bank of America margin account rates: interest fees charged on trading with margin leverage. Merrill Edge broker lending cost.

Current Merrill Edge Margin Rates

Debit Balance Margin Interest Rates
$100,000+ call 855.332.5920
$25,000 - $99,999 7.500%
under $25,000 8.625%

The 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 Plus 2% 2% 2% 2% 2% 2% 2% 2% 2%
Robinhood 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5%
ZacksTrade 3.59% 3.59% 3.59% 3.59% 3.59% 3.09% 3.09% 3.09% 2.84%

Merrill Edge Base Lending Rate (BLR)

The Merrill Lynch Base Lending Rate (BLR) is 5.25%. Merrill Lynch margin interest rates on trading account range from BLR - 0.750% to BLR + 3.375%.

Margin Interest Calculator

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

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The Merrill Edge 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

Bank of America Merrill Edge margin account fees are as of 2022 and are subject to change. For the most recent information on Merrill Lynch margin rates visit their website.

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.

Merrill Lynch margin interest rate

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.