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What else can I help you with?
Do you pay margin interest on day trades?
Yes, margin interest is typically charged on day trades if you are using a margin account to trade stocks.
Do after hours trades count as day trades?
No, after-hours trades do not count as day trades. Day trades are trades made during regular trading hours, typically between 9:30 am and 4:00 pm Eastern Time. After-hours trades occur outside of these hours and are considered separate from day trades.
What is the difference between a daily interest and a monthly interest loan?
The main difference between a daily interest and a monthly interest loan is how often interest is calculated and added to the loan balance. In a daily interest loan, interest is calculated and added to the balance every day, while in a monthly interest loan, it is done once a month. This can affect the total amount of interest paid over the life of the loan.
How much interest does a million dollars earn in a day?
This really depends on your interest rate and how often your interest rate is calculated. Let's assume you have a 4% interest rate, compounded, that is calculated once per month. That equals just under $110 per day! A higher/lower interest rate can change things drastically and how often your interest is calculated can as well. If your interest is calculated annually, you won't really make much. If your interest rate is .2%, the effect is the same. A 4% rate is common enough and monthly calculation on compound interest is also pretty normal. If you had 1 million dollars to put into a savings account however, you'd probably already know these money facts! Enjoy!
What is the current interest rate offered at ING direct for a savings account?
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
Do you pay margin interest on day trades?
Yes, margin interest is typically charged on day trades if you are using a margin account to trade stocks.
What causes a pattern day trading violation on a margin account?
A pattern day trading violation occurs when you have more than 3 roundtrip trades on a margin account with less than 25,000 in equity in a five business day period. A round trip is the act of opening and closing a position during the same trading day.
What is per diem interest?
"per diem" is Latin for "by days" Interest calculated "per diem" would be calculated every day, not monthly or yearly.
Do after hours trades count as day trades?
No, after-hours trades do not count as day trades. Day trades are trades made during regular trading hours, typically between 9:30 am and 4:00 pm Eastern Time. After-hours trades occur outside of these hours and are considered separate from day trades.
How the interest on savings account is calculated?
The interest on a business savings account is compounded daily using a 365-day year (366 days each leap year) and calculated on the collected balance.
How is the interest calculated on business savings accounts?
The interest on a business savings account is compounded daily using a 365-day year (366 days each leap year) and calculated on the collected balance.
What is the difference between a daily interest and a monthly interest loan?
The main difference between a daily interest and a monthly interest loan is how often interest is calculated and added to the loan balance. In a daily interest loan, interest is calculated and added to the balance every day, while in a monthly interest loan, it is done once a month. This can affect the total amount of interest paid over the life of the loan.
How much interest does a million dollars earn in a day?
This really depends on your interest rate and how often your interest rate is calculated. Let's assume you have a 4% interest rate, compounded, that is calculated once per month. That equals just under $110 per day! A higher/lower interest rate can change things drastically and how often your interest is calculated can as well. If your interest is calculated annually, you won't really make much. If your interest rate is .2%, the effect is the same. A 4% rate is common enough and monthly calculation on compound interest is also pretty normal. If you had 1 million dollars to put into a savings account however, you'd probably already know these money facts! Enjoy!
What is the current interest rate offered at ING direct for a savings account?
All savings accounts in India offer an average of 3 to 3.5% interest per annum calculated on a daily end of day account balance basis. The interest is calculated based on the every day balance in the account and would be credited on a quarterly or half yearly basis.
What is the maximum number of day trades that can be made with a cash account?
The maximum number of day trades that can be made with a cash account is three within a rolling five business day period.
What is span margin full form?
Short for standardized portfolio analysis of risk (SPAN). This is a leading margin system, which has been adopted by most options and futures exchanges around the world. SPAN is based on a sophisticated set of algorithms that determine margin according to a global (total portfolio) assessment of the one-day risk for a trader's account. Options and futures writers are required to have a sufficient amount of margin in their accounts to cover potential losses. The SPAN system, through its algorithms, sets the margin of each position to its calculated worst possible one-day move. The system, after calculating the margin of each position, can shift any excess margin on existing positions to new positions or existing positions that are short of margin.
What is a simple interest loan and how does it work?
Interest is calculated day to day from payment receipt to payment receipt. The due date only has to do with reporting to credit. I suggest if you have one of these types of loans you should be on a monthly draft with your lender. Payments are split to Interest 1st (calculated on the unpaid balance on a per diam rate), escrow (if you have it), interest deficit (if you have accumulated one), then to Principal. If you made a payment on Jan 1, and didnt make another till Feb 15th, that's 45 days of interest you are going to have to pay. If that interest charge is more then the amount of money you send-- you have an interest deficit. You will get NO money to principal until that deficit is paid back.
