Lines of Credit: Flexible Loans and Borrowing Solutions - Merrill Lynch /K 239 0 R 28 0 obj >> 18 0 obj Sorry, I have lots of them: If we go for a 100% fiance via this LMA do we need to move our money from our current brokerage (etrade) to ML or do we just sign a contract that they can take the stocks from us if needed? 71 0 R null null null 72 0 R 73 0 R null 74 0 R 75 0 R 76 0 R Current rate sheet. /Usage 20 0 R A general purpose loan must be repaid within five years, or it will be treated as a taxable distribution. endobj (YT4qKTQuOUCThVIS6w-5CQ) 39 0 R (qcjKsBZ_m0izlbalVhEfRQ) 40 0 R (zDS1U1Dmok-LPIntoqJb9g) 41 0 R] Balance Requirement. /Length 1778 endobj /A 176 0 R I recently used a Merrill Lynch LMA to buy a place. Understand your choices. /Pa12 << /S /TH endobj HWmoVp>UvEm[UI /OpenAction 10 0 R 17 0 obj APY Rate. Get up to $600 when you open a new Merrill Edge account with at least $20,000. >> >> 0000094181 00000 n The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. endeavors to anticipate . %%EOF Because the securities or other assets are collateral for the margin loan, we have the right to decide which securities or other assets to sell in order to protect our interests. PDF Cash Management Solutions - Merrill Consult your tax advisor for tax advice about margin interest deductibility. /ZaDb 17 0 R 29 0 obj /StartIndent 13.0 << >> There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. /DR << /S /Document For example, Betterment's cash management account, Betterment Cash Reserve, has a 4.35% APY**, whereas the average national interest rate on savings products is 0.39% APY. /A 174 0 R Eligibility to enroll is generally available three or more business days after the end of the calendar month in which you satisfy the requirements. /LineHeight 0.0 The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. << J.P. Morgan Chase offers the industry's highest rate of /K 223 0 R $250,000+. He is working on a plan but I wanted to get your guys thoughts on what he was suggesting. /D [21 0 R /Fit] Enter your Merrill Edge Self-Directed account number: - Page 2 | Merrill Edge Self-Directed Investing Margin Account Application Code 00-66-0227B 108/108A-1222 Definitions: Household: Households may include spouse, domestic partner and others who share financial responsibility Annual Income: Gross annual The Loan Management Account (LMA account) is a demand line of credit provided by Bank of America, N.A., Member FDIC. The LMA account requires a brokerage account at Merrill Lynch, Pierce, Fenner & Smith Incorporated and sufficient eligible collateral to support a minimum credit facility size of $100,000. >> personalized financial advice, and does not recommend the purchase or sale of 39 0 obj The highest rate is 1.06% with a $10 million cash balance (not $10 million in account value). >> 21 0 R] >> /Type /Border /Rect [178.775 50.897 197.365 60.6626]
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