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What is the current credit interest rate for over 1 million in Scottrade?
Wiki User
∙ 15y ago
The current rate for cash deposits of 1 million dollars at Scottrade is 1%. The current rate environment is very low right now and Scottrade does not offer a money market. They pay interest on cash bearing accounts and invest the funds in short term US Treasuries. This is safer than your typical money market accounts but as with anything else the less risk the lower the return. Scottrade does offer a full range of fixed income products though. See Related Links for a link to the interest rate page on Scottrade's website. Check there for the most up to date rate information.
Wiki User
∙ 15y ago
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