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TD Ameritrade Holding Corporation Message Board

  • stocks2mm stocks2mm Jan 6, 2011 6:03 PM Flag

    Ameritrade may be cheating its customers

    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.

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