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  • Report:  #801253

Complaint Review: Charles Schwab - schwab.com Arizona

Reported By:
Warning - Fountian Hills, Arizona, USA
Submitted:
Updated:

Charles Schwab
schwab.com, Arizona, United States of America
Phone:
800-435-4000
Web:
schwab.com
Categories:
Tell us has your experience with this business or person been good? What's this?
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. 


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