Margin loans

Whether you need extra money for a short-term financing need or buying more securities, a margin loan may help you get the money you need.

Check out the rates

As with any loan, you'll need to pay interest on the amount of the margin loan. Margin interest rates are typically lower than credit cards and unsecured personal loans; however, you should do your own comparison.

The interest rate is variable based on a tiered schedule which is determined by the size of the margin loan. The higher your balance, the lower the rate you're charged.

Debit balance Margin interest rate
$1 million + 9.25% (3.075% below base rate)
$500,000–$999,999 9.50%(2.825% below base rate)
$250,000–$499,999 11.825% (0.500% below base rate)
$100,000–$249,999 12.075% (0.250% below base rate)
$50,000–$99,999 12.125% (0.200% below base rate)
$25,000–$49,999 13.075% (0.750% above base rate)
$0–$24,999 13.575% (1.250% above base rate)
9.25% rate available for debit balances over $1M.
Fidelity's current base margin rate, effective since July 28, 2023, is 12.325%.

Please call 800-353-4881 for more information to help determine your effective rate eligibility.

Here's an example

There's no set repayment schedule with a margin loan—monthly interest charges accrue to your account, and you can repay the principal at your convenience. Also, a portion of your margin interest may be tax deductible. You should consult your tax advisor for details regarding your particular situation.

Using the table above, let's calculate the daily margin interest on a hypothetical loan.

Average daily debit balance $100,000
Margin interest rate*
(12.325% base -0.25%)

x 12.075%
Yearly interest charge $12,075
÷ 360
Daily interest charge $33.54

*Note this calculation is based on the margin interest rates as of July 28, 2023; be sure to always check the current schedule.

You can expect to see the margin interest charged to your account on the first business day following the 20th of each month.

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