1. The tiers which interest is based upon may change from time to time without prior notification to customers. Such adjustments are done periodically to adjust for changes in currency rates. ZacksTrade uses a blended rate based on the tiers above. For example, for a margin balance over 1,000,000 USD, the first 100,000 is charged at the Tier I rate, the next 900,000 at the Tier II rate, etc.
2. Zacks Trade's margin rate starts at 4.92% compared to Charles Schwab (rate starting at 8.825%), E*Trade (rate starting at 10.00%), Fidelity (rate starting at 8.825%), and TD Ameritrade (rate starting at 9.75%). Competitor data obtained as of 2/6/18 are believed to be accurate but not guaranteed. Some of the brokers listed may reduce margin rates and/or commissions, waive fees or provide additional services depending on account activity or margin debit balances. Actual margin interest charges are based on annual percentage assuming that the margin debit balance is constant and has not fluctuated. Please contact each broker to confirm their margin interest rate schedule.