Lending Rates
Margin loans
Truth-in-lending statement for margin loans: You will be charged interest on any credit extended to or maintained for you by Raymond James for the purpose of purchasing, carrying, or trading in any security or otherwise.
Your particular rate will vary with the size of your average debit balance according to the following schedule:
| Debit Balance | Annual Percentage Rate |
| $10 million and above | Base Rate less 1.25% |
| $5 million — $9,999,999.99 | Base Rate less 1.00% |
| $1 million — $4,999,999.99 | Base Rate less 0.75% |
| $500,000 — $999,999.99 | Base Rate less 0.50% |
| $250,000 — $499,999.99 | Base Rate plus 0.25% |
| $100,000 — $249,999.99 | Base Rate plus 0.75% |
| Under $100,000.00 | Base Rate plus 1.50% |
Base Rate
As of December 20, 2024, Base Rate equals 10.75%.
Interest calculations
We use the following three accumulators to calculate margin interest:
- The number of days there is a debit in your account
- The average of the debit balance for each day it is outstanding
- The average of the prevailing margin interest rate charged on your debit balance for each day it is outstanding
Security borrow fees for short sales
Fees associated with borrowing securities to satisfy delivery requirements for short sales can vary greatly depending upon a number of factors. These fees may be charged during the duration of your borrow, and may be shared in part or in total by Raymond James.
Please contact your financial advisor with any questions you may have.
Additional lending rates
For information on lending rates, please visit raymondjamesbank.com.
Raymond James Bank is not in any way responsible for the debts issued by or the obligations of an affiliate of Raymond James.
Products, terms, and conditions subject to change. Subject to standard credit criteria.
A line of credit backed by securities, such as a securities based line of credit or a tailored line of credit or Margin account, may not be suitable for all clients and investors. Borrowing on securities based lending products or Margin accounts and using securities as collateral may involve a high degree of risk including unintended tax consequences and the possible need to sell your holdings, which may lead to a significant impact on long-term investment goals. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to quickly deposit additional securities and/or cash in the account(s) or pay down the loan to avoid liquidation. The securities in the Pledged Account(s) may be sold to meet the Collateral Calls and the securities in a margin account can be sold to meet the Margin Calls; and the firm may sell the client’s securities without contacting them. A client may not be entitled to choose which securities or other assets in his or her account are liquidated or sold to meet a Collateral Call. In many cases, the firm may increase its maintenance requirements at any time and is not required to provide a client advance written notice. A client may not be entitled to an extension of time on a Collateral Call. Increased market interest rates could also affect the applicable rate index that applies to your line of credit causing the cost of the credit line to increase significantly. The interest rates charged on bank lines of credit backed by securities are determined in part by (i) the market value of pledged assets and the net value of the client’s non-pledged Capital Access account or (ii) the line of credit amount as outlined in the Loan Agreement. The interest rates charged on Margin accounts are determined by the amount borrowed. (Please visit sec.gov/investor/pubs/margin/htm for additional information.) Lines of credit are provided by Raymond James Bank. Raymond James & Associates, Inc. and Raymond James Financial Services, Inc. are affiliated with Raymond James Bank, Member FDIC.
The proceeds from a line of credit backed by securities cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account (with the exception of advances made into the pledged account solely for the purpose of sending out or effecting an international wire within 1 business day of receiving funds from the bank); (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate of Raymond James. Raymond James Bank does not accept RJF stock or any securities issued by affiliates of Raymond James Financial as pledged securities towards a line of credit.