Ally Invest Securities: Difference between revisions
mNo edit summary |
m →References: change category to lower-case, section itself needs cleaning |
||
| Line 46: | Line 46: | ||
Ally Invest 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<ref>https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/</ref> 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 Ally Invest website cites a margin loan interest rate as of 2024-12-18 of between 7.50% and 12%. | Ally Invest 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<ref>https://law.justia.com/codes/maryland/commercial-law/title-12/subtitle-1/section-12-102/</ref> 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 Ally Invest website cites a margin loan interest rate as of 2024-12-18 of between 7.50% and 12%. | ||
==References== | ==References== | ||
{{Reflist}} | |||
https://www.ally.com/invest/ | https://www.ally.com/invest/ | ||
https://www.ally.com/invest/self-directed-trading/margin-account/ | https://www.ally.com/invest/self-directed-trading/margin-account/ | ||
[[Category:Ally Invest Securities]] | [[Category:Ally Invest Securities]] | ||
[[Category:Forced | [[Category:Forced arbitration]] | ||