▲ 1 r/Schwab
Anyone successfully negotiated cash balance rates on Schwab brokerage?
The current rate of 0.01% is deeply non-competitive compared to robinhood, interactive brokers.
And this is not about moving the money to a money market mutual fund like Sgov.
For people that short-sell, and need to keep the proceeds in cash to avoid being charged margin, this is a true disadvantage versus robinhood or interactive brokers.
u/volcompt — 3 days ago