Anything better than Charles Schwab?

[fareastwarriors]

Why not have multiple accounts? I have IBKR for margin and international. 

I use Robinhood for when I'm a degenerate and want to play with lottery ticket options. Super simple interface. Their interest rate is 4% for uninvested cash with Gold account. Their margin rates is even better than IBKR now but I just didn't want to move my whole portfolio over. 

 

I know, I'm basic for using Robinhood. lol

 

Edited February 10 by fareastwarriors

[CorpRaider]

I like fido better than Schwab for what I do.  I also have an IBKR account for margin and intl.

[Gamecock-YT]

14 hours ago, 73 Reds said:

You need a separate International account at Schwab.  I've been with Schwab almost since their inception and only stay with them out of laziness and a convenient branch office.  Biggest gripe is their sweep cash account pays nearly no interest and you have to manually execute a trade to transfer cash into a money market fund and then when you want the proceeds for buying stocks you have to sell the MMF and wait a day for the proceeds to be available for trading.  

 

Same with Merrill, been looking to switch for awhile as well.

[73 Reds]

9 hours ago, Gamecock-YT said:

 

Same with Merrill, been looking to switch for awhile as well.

I have a self-directed account with Merrill which is linked to some bank accounts at BAC which is convenient.  The funds held in a MMF are available for trading without having to sell the MMF and wait a day and the interest rates are comparable.  

Edited February 8 by 73 Reds
spelling

[Gamecock-YT]

13 hours ago, 73 Reds said:

I have a self-directed account with Merrill which is linked to some bank accounts at BAC which is convenient.  The funds held in a MMF are available for trading without having to sell the MMF and wait a day and the interest rates are comparable.  

 

Really? Are they held in a BofA MMF or are you using a blackrock/federated hermes fund?

[73 Reds]

On 2/8/2025 at 10:07 PM, Gamecock-YT said:

 

Really? Are they held in a BofA MMF or are you using a blackrock/federated hermes fund?

@Gamecock-YT no, these are standard checking accounts at BAC where funds sometimes tend to accumulate.  If I went back and calculated how much interest has been lost simply due to laziness, I'd probably be sick to my stomach.

[bargainman]

On 2/7/2025 at 5:13 AM, boilermaker75 said:

I am really disappointed that Schwab got rid of StreetSmart Pro in favor of Thinkorswim.

what do you miss?

[bargainman]

I'll also chip in IBKR.  The interface isn't so bad if you stick to the web.  They have a new desktop app too although I haven't compared it to TW yet.  It's nice that they pay you on your cash.  It's annoying with Schwab having to move in and out of SGOV and the like.

[DooDiligence]

I have a zero balance at an old Schwab account but they still let me dip in and download reports that Fidelity doesn't carry.