Banking, finance, and taxes
Schwab (SCHW) Drop Trading Fees
Published:
Last Updated:
By Paul Ausick of 24/7 Wall St.
Charles Schwab Corporation (NASDAQ:SCHW) has announced that it will drop its online equity trade commissions for retail investors from $12.95/trade to $8.95/trade beginning January 19, 2010. Some other prices were also lowered, and Schwab now charges all retail clients the same fees regardless of whether the account is larger than $1 million or on the number of trades made in a year.
This move will certainly put some serious pressure on other online brokers. E*Trade (NASDAQ:ETFC) charges $7.99-$9.99 for equity trades, and TD Ameritrade (NASDAQ:AMTD) advertises online trades at $9.99. Schwab’s third-quarter 2009 cash balance topped $25 billion, compared with $7.5 billion for E*Trade and $6.6 billion at TD Ameritrade.
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
