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Columbus Day U.S. Bond Market and Banking Closures
The U.S. Bond Market will be closed for Columbus Day on Monday, October 14th, 2019. We will be unable to process window trade orders involving mutual funds beginning at 2:00 PM ET on Friday, October 11th, continuing through 2:00 PM ET on Monday, October 14th. You can begin placing mutual fund orders again after 2:00 PM ET on Monday for execution on Tuesday, October 15th.
Banks will also be closed on Monday, October 14th. We will be unable to accept internal transfer requests or bank-related transactions, such as check deposits and wire transfers, for processing on Monday.
We appreciate your business and wish you a safe and enjoyable holiday weekend.
Now Available: Margin Borrowing
We are pleased to introduce margin borrowing, with support for fractional share investing, at margin interest rates at least 2% better than Charles Schwab's and TD Ameritrade's published rates as of September 17th, 2019, which are subject to change.
To enable margin borrowing, log into your account and follow the simple on-screen signup instructions after you click the Enable Margin link which is next to each margin-eligible account on the Settings page.
We also updated the cash interest rate formula in our Customer Agreement, effective September 30, 2019, as well as our margin terms.