Charles Schwab
❗This article is a stub. You can help by expanding it.
#appeals channel in either Zulip or Discord to request removal.An article may be flagged as a stub when it is missing major elements needed to make it useful to a reader. You can help by adding missing sections, verifiable sources, relevant company policies and communications, etc. to make the article more complete.
| Basic information | |
|---|---|
| Founded | 1971 |
| Legal structure | Public |
| Industry | Financial |
| Official website | https://schwab.com |
The Charles Schwab Corporation is a US-based company providing brokerage and financial services.
Select business and consumer practices
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% per annum, but Charles Schwab 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 January 19, 2025, the publicly facing website for Charles Schwab cites a margin-loan interest rate (as of December 20, 2024) of between 10.825% and 12.575%.