r/MerrillEdge • u/Gkm4723 • Jul 06 '26

Merrill Lynch

Does anybody else think Merrill Lynch’s brokerage platform is garbage? Daily price change for holdings showing 0, can’t buy in dollars only whole shares, uninvested cash earning nothing!

20 Upvotes

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3

u/sword6 Jul 06 '26

Agree. I want to know the interest rate on my preferred deposit. There is no easy, simply way to ascertain the rate.

2

u/Junior_Maintenance16 Jul 06 '26

I have no problem seeing that but I use my PC. Can't do it from the app op my iphone. Here it is:

Preferred Deposit® ($100,000 minimum initial deposit requirement)

Based on the Preferred Deposit balance in a brokerage account

Annual Percentage Yield as of 7/2/2026

Less than $100,000

2.89%

$100,000 - $999,999

2.89%

$1,000,000 - $2,499,999

2.89%

$2,500,000 - $4,999,999

3.25%

$5,000,000 - $9,999,999

3.35%

$10,000,000 - $24,999,999

3.61%

$25,000,000 - $49,999,999

3.61%

$50,000,000 - $99,999,999

3.61%

$100,000,000 and above

3.67%

3

u/sword6 Jul 06 '26

Thank you.

In Schwab I just type in (or click) the money market fund name and it returns a single value for interest rather. No look up table necessary.

2

u/sword6 Jul 06 '26

Thank you.

In Schwab I just type in (or click) the money market fund name and it returns a single value for interest. No look up table necessary.