![]() ![]() You may have to wait for recent trades or newly deposited funds to settle before you withdraw funds. If you need to withdraw funds, make sure the cash is available for withdrawal without a margin loan to avoid interest. If you don't want to pay margin interest on your trades, you must completely pay for the trades prior to settlement. Your actual margin interest rate may be different. Although interest is calculated daily, the total will post to your account at the end of the month.īelow is an illustration of how margin interest is calculated in a typical thirty-day month. The formula is: Interest Rate x Margin Debit / 360 = Daily Interest Charge. Margin interest rates vary based on the amount of debit and the base rate. Any changes will be posted on the Rates & Fees page when changes are affected within 30 days after the effective change. ![]() A change to the base rate reflects changes in the rate indicators and other factors. *Please note: The base rate may be changed without prior notice. You can review the base rate and the balance schedule on the Rates & Fees page. Your particular rate will vary based on the base rate and the margin balance during the interest period. The interest rate charged on a margin account is based on the base rate. When setting the base rate, TD Ameritrade considers indicators including, but not limited to, commercially recognized interest rates, industry conditions relating to the extension of credit, the availability of liquidity in the marketplace, the competitive marketplace and general market conditions. TD Ameritrade utilizes a base rate to set margin interest rates. If your account is margin enabled, you can see your base lending rate on the displayed page by selecting "View margin rate" under "Margin." ![]() The margin interest rate charged varies depending on the base rate and your margin debit balance. Margin interest is the rate charged on the amount of the margin debit balance after the settlement of your purchase or withdrawal transaction. ![]()
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