2daMoon
Mostly Harmless
BTW, was finally able to speak to the bank. It was a confusing conversation. Their rate is WSJ prime + some amount. Came to 5.25% currently. The confusing part was when she said the "loan" would only be for 36 months max ... and that derailed me. I was thinking of it being an open line of credit. So I don't think what they are offering is an SBLOC at all.
As for IBKR, I'll need to study further what you have said about it being tiered and what that means. All of them I have looked at so far (Margin Loans only) are variable rates pinned to some benchmark. IBKR is as well. Only their benchmark isn't WSJ.
I'd be interested to know how the TD Ameritrade move goes. Are they able to take possession of existing shares from your current broker?
As for IBKR, I'll need to study further what you have said about it being tiered and what that means. All of them I have looked at so far (Margin Loans only) are variable rates pinned to some benchmark. IBKR is as well. Only their benchmark isn't WSJ.
I'd be interested to know how the TD Ameritrade move goes. Are they able to take possession of existing shares from your current broker?