Charles Schwab: Difference between revisions

(15 intermediate revisions by 6 users not shown)

Line 1:

== ~~Overview~~ ==

Charles Schwab ~~is a U.S.-based company providing brokerage and financial services~~.

{{InfoboxCompany

| Name = Charles Schwab

| Type = Public

| Founded = 1971

| Industry = Financial

| Official Website = https://schwab.com

| Logo = Charles Schwab.png

}}

~~== Select business and consumer practices ==~~

'''[[Wikipedia:Charles Schwab Corporation|The Charles Schwab Corporation]]''' is a US-based company providing brokerage and financial services.

~~=== Interest Rates Charged ===~~

Charles Schwab ~~may be charging customers~~ a ~~higher rate of interest than the maximum allowed rate named in statutory laws in some jurisdictions in the United States. For example, the 2024 Maryland Code Commercial law sec. 12~~-102 states a maximum rate of interest of 6 percent per annum, but Ally Invest does not specify that it does not allow its interest rates to go above 6% for customers residing in Maryland. It is worth noting, however, that other companies providing brokerage services publicly advertise similarly high (less favorable) interest rates to customers. As of 2025-01-19, the public-facing Charles Schwab website cites a margin loan interest rate as of 2024-12-20 of between 10.825% and 12.575%.

== ~~References~~ ==

==Select business and consumer practices==

https://www.schwab.com/margin/margin-rates-and-requirements

===Interest rates charged===

Charles Schwab may be charging customers an interest rate higher than the maximum rate permitted by statutory laws in certain jurisdictions within the United States. For example, the 2024 Maryland Code, Commercial Law § 12-102<ref>[https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/ 2024 Maryland Code, Commercial Law § 12-102]</ref>, sets a maximum interest rate of 6% per annum. However, Charles Schwab does not explicitly state that it restricts its interest rates from exceeding 6% for customers residing in Maryland. It is worth noting, however, that other companies offering brokerage services also publicly advertise similarly high (and less favorable) interest rates to customers. As of February 2025, the publicly accessible website for Charles Schwab lists a margin loan interest rate ranging from 10.825% to 12.575%.<ref>[https://www.schwab.com/margin/margin-rates-and-requirements Charles Schwab website]</ref>

==References==

[[Category:Charles Schwab]]

@@ Line 1: / Line 1: @@
-== Overview ==
+{{StubNotice}}
-Charles Schwab is a U.S.-based company providing brokerage and financial services.
+{{InfoboxCompany
+| Name = Charles Schwab
+| Type = Public
+| Founded = 1971
+| Industry = Financial
+| Official Website = https://schwab.com
+| Logo = Charles Schwab.png
+}}
-== Select business and consumer practices ==
+'''[[Wikipedia:Charles Schwab Corporation|The Charles Schwab Corporation]]''' is a US-based company providing brokerage and financial services.
-=== Interest Rates Charged ===
-Charles Schwab may be charging customers a higher rate of interest than the maximum allowed rate named in statutory laws in some jurisdictions in the United States.  For example, the 2024 Maryland Code Commercial law sec. 12-102 states a maximum rate of interest of 6 percent per annum, but Ally Invest does not specify that it does not allow its interest rates to go above 6% for customers residing in Maryland.  It is worth noting, however, that other companies providing brokerage services publicly advertise similarly high (less favorable) interest rates to customers.  As of 2025-01-19, the public-facing Charles Schwab website cites a margin loan interest rate as of 2024-12-20 of between 10.825% and 12.575%.
-== References ==
+==Select business and consumer practices==
-https://www.schwab.com/margin/margin-rates-and-requirements
+===Interest rates charged===
+Charles Schwab may be charging customers an interest rate higher than the maximum rate permitted by statutory laws in certain jurisdictions within the United States. For example, the 2024 Maryland Code, Commercial Law § 12-102<ref>[https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/ 2024 Maryland Code, Commercial Law § 12-102]</ref>, sets a maximum interest rate of 6% per annum. However, Charles Schwab does not explicitly state that it restricts its interest rates from exceeding 6% for customers residing in Maryland. It is worth noting, however, that other companies offering brokerage services also publicly advertise similarly high (and less favorable) interest rates to customers. As of February 2025, the publicly accessible website for Charles Schwab lists a margin loan interest rate ranging from 10.825% to 12.575%.<ref>[https://www.schwab.com/margin/margin-rates-and-requirements Charles Schwab website]</ref>
+==References==
+<references />
+[[Category:Charles Schwab]]