Current Wells Fargo brokerage trading account margin interest rates on loaned funds.

Wells Fargo Margin Interest Rates

Debit Balance Margin Interest Rates
under $24,999.99 11.25%
$25,000 - $49,999.99 10.75%
$50,000 – $99,999.99 10.25%
$100,000 - $249,999.99 9.75%
$250,000 - $499,999.99 9.25%
$500,000 - $999,999.99 8.75%
$1,000,000 - $4,999,999.99 8.25%
$5,000,000 - $9,999,999.99 7.75%
above $10,000,000 7.25%


Wells Fargo base lending rate (BLR) is 7.25%.


M1 Finance Margin Rates

Debit Balance Margin Interest Rates
$0,01 - $24,999 4.00%
$25,000 - $49,999 4.00%
$50,000 - $99,999 4.00%
$100,000 - $249,999 4.00%
$250,000 - $499,999 4.00%
$500,000 - $999,999 4.00%
$1,000,000 + 4.00%


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Wells Fargo

WellsTrade is Wells Fargo’s on-line discount broker. The financial giant also offers managed account services and investment advice through Wells Fargo Advisors.

Stock and ETF trades at WellsTrade cost just $5.95. Wells Fargo Bank customers who have a Portfolio by Wells Fargo relationship receive a $3 discount. This bank package requires $25,000 in bank deposits, or $50,000 in total bank and brokerage balances, or a $30 monthly subscription fee.

Using a live broker at WellsTrade tacks on an additional $25. Option contracts are 75 cents each and assignments and exercises cost $25 plus the stock commission.

Although WellsTrade doesn’t provide any commission-free ETF’s, the broker does offer a large selection of mutual funds. There are more than 9,500 funds, with more than 2,000 having neither load nor transaction fee.

Envision

Wells Fargo has a unique program called Envision that is available to all customers, which is definitely worth checking out. Envision is a retirement planning and goal setting program that assists customers in setting and reaching their financial goals. With this program a customer meets with an advisor and brings all of their financial data together. IRA’s, 401k’s, brokerage and bank accounts can be factored in. Then the customer discusses with the financial advisor what their financial goals are. Do they have children to put through college, parents to care for, disabled children, retirement and other factors that are individual to the customer. The advisor then inputs the data about where they are today and projects what their investments needs are.

After the initial meeting the advisor then meets with the customer a few times a year to adjust the projections based on the customer’s needs, changes in the market, or life events that can change the customer’s priorities. This assists the advisor in establishing an investment strategy that will meet the needs of the customer, as well as assisting the customer in clarifying and reaching their financial goals.


Learn more in Wells Fargo brokerage review.


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