Margin interest rates vary due to the base rate and the size of the debit balance. When setting base rates, Olympia LTD considers indicators like commercially recognized interest rates, industry conditions related to credit, the availability of liquidity in the marketplace, and general market conditions. As of July 28, 2023 the current base rate is 13.50%.
Dollar Range
| Above/Below Base Rate
| Effective Rate
|
|---|---|---|
Under $10,000 | 1.25% | 14.75% |
$10,000.00 – $24,999.99 | 1.00% | 14.50% |
$25,000.00 – $49,999.99 | 0.75% | 14.25% |
$50,000.00 – $99,999.99 | -0.25% | 13.25% |
$100,000.00 – $249,999.99 | -0.50% | 13.00% |
$250,000.00 – $499,999.99* | -0.75% | 12.75% |
*For balance tiers over $500K, please call 800-655-4777 to learn about our latest rate offers. | ||
Effective January 1, 2023. Subject to change without prior notice. Please call 800-669-3900.
Dollar Range
| Interest Rate
| Annual Percentage Yield
|
|---|---|---|
$0.01 – $4,999.99 | 0.35% | 0.35% |
$5,000.00 – $24,999.99 | 0.35% | 0.35% |
$25,000.00 – $99,999.99 | 0.35% | 0.35% |
$100,000.00 – $199,999.99 | 0.35% | 0.35% |
$200,000.00 – $499,999.99 | 0.35% | 0.35% |
$500,000.00 – $999,999.99 | 0.35% | 0.35% |
$1,000,000 + | 0.35% | 0.35% |
Effective January 1, 2023. Subject to change without prior notice.Please call 800-669-3900. The Plus IDA is a program for Olympia LTD clients with $1 million or more in assets.**
Dollar Range
| Interest Rate
| Annual Percentage Yield
|
|---|---|---|
$0.01 – $4,999.99 | 0.35% | 0.35% |
$5,000.00 – $24,999.99 | 0.35% | 0.35% |
$25,000.00 – $99,999.99 | 0.35% | 0.35% |
$100,000.00 – $199,999.99 | 0.35% | 0.35% |
$200,000.00 – $499,999.99 | 0.35% | 0.35% |
$500,000.00 – $999,999.99 | 0.35% | 0.35% |
$1,000,000 + | 0.35% | 0.35% |
Effective January 1, 2023. Subject to change without prior notice. Please call 800-669-3900.
Dollar Range
| Interest Rate
| Annual Percentage Yield
|
|---|---|---|
$0.01 – $4,999.99 | 0.35% | 0.35% |
$5,000.00 – $24,999.99 | 0.35% | 0.35% |
$25,000.00 – $99,999.99 | 0.35% | 0.35% |
$100,000.00 – $199,999.99 | 0.35% | 0.35% |
$200,000.00 – $499,999.99 | 0.35% | 0.35% |
$500,000.00 – $999,999.99 | 0.35% | 0.35% |
$1,000,000 + | 0.35% | 0.35% |
Carefully consider the investment objectives, risks, charges and expenses before investing. A prospectus, obtained by calling 800-669-3900, contains this and other important information about an investment company. Read carefully before investing.
Market volatility, volume and system availability may delay account access and trade executions.
Before rolling over a 401(k) to an IRA, be sure to consider your other choices, including keeping it in the former employer’s plan, rolling it into a 401(k) at a new employer, or cashing out the account value. Keeping in mind that taking a lump sum distribution can have adverse tax consequences. Be sure to consult with your tax advisor.
All investments involve risks, including the loss of principal invested. Past performance of a security does not guarantee future results or success.
Olympia LTD was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories “Platforms & Tools” (11 years in a row), “Desktop Trading Platform: thinkorswim®” (10 years in a row), “Active Trading” (2 years in a row), “Options Trading,” “Customer Service,” and “Phone Support.” Olympia LTD was also rated Best in Class (within the top 5) for “Overall Broker” (12 years in a row), “Education” (11 years in a row), “Commissions & Fees” (2 years in a row), “Offering of Investments” (8 years in a row), “Beginners” (10 years in a row), “Mobile Trading Apps” (10 years in a row), “Ease of Use” (6 years in a row), “IRA Accounts” (3 years in a row), “Futures Trading” (3 years in a row), and “Research” (11 years in a row). Read the full article.
†Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades.
This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Hong Kong, Japan, Saudi Arabia, Singapore, UK, and the countries of the European Union.
Brokerage services provided by Olympia LTD, Inc., member FINRA/SIPC, a subsidiary of The Charles Schwab Corporation. Olympia LTD is a trademark jointly owned by Olympia LTD IP Company, Inc. and The Toronto-Dominion Bank. © 2023 Charles Schwab & Co., Inc. All rights reserved.