Report: #801253

Complaint Review: Charles Schwab - schwab.com Arizona

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Submitted: Wed, November 23, 2011
Updated: Wed, November 23, 2011
Reported By: Warning — Fountian Hills Arizona USA

Author Not Confirmed

Why?

Charles Schwab schwab.com, Arizona United States of America

Phone: 800-435-4000
Web: schwab.com
Category: Brokerage Companies

Charles Schwab Information to avoid getting Schwab's zero interest rate schwab.com, Arizona

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US Treasuries are now a low if .25%, Wells Fargo interest rate is .2% and my Schwab broker just wrote me theirs is 1/100% per year. The current brokerage account needs a minimum $36000 CASH to earn 1 cent.

Schwab has changed the account three times now as to where your money should be for the best interest. I have earned 1 cent for the year with my $6000 average cash account. Yes, interest rates are low, but 1 cent?

So, don't assume Schwab is guarding your cash. They aren't doing any guarding for you. Do it yourself elsewhere.

This report was posted on Ripoff Report on 11/23/2011 01:13 PM and is a permanent record located here: https://www.ripoffreport.com/reports/charles-schwab/schwabcom-arizona-/charles-schwab-information-to-avoid-getting-schwabs-zero-interest-rate-schwabcom-arizo-801253. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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