I asked Ameritrade this question and waiting for reply.
Margin balance -$1,561.06 Money market $25,446.47
This is as of today. Will I be charged interest on 1,561.06? This is where I am confused. Because I think I have more than 25,000 in Money Market so why should I pay Margin Interest? Can you answer my question or do I have to wait for my January Statement? I will see at the end of the month January Statement and figure out if you will charge me Margin Interest on 1,561.06
If I find out that they are charging me 8.75% interest and giving me 0.10% interest on my Money Market Account, I will close my account.