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Access competitive interest rates and exclusive discounts.

Call 888-725-3630 to speak with a Regional Banking Manager about obtaining competitive rates on a Pledged Asset Line® (PAL) or log in to get started.

Investor Advantage Pricing (IAP)

With our exclusive offer1, the more qualifying assets you have with Schwab, the more you may be able to save on your PAL interest rate. Learn more about qualifying assets and eligible account types. (Individual, joint, revocable living trust, and irrevocable trust borrowers are eligible for IAP; organizations are not eligible for IAP.)

Interest Rate Discount

0.25%

$250K-<$1M in qualifying assets

Interest Rate Discount

0.50%

$1M-<$5M in qualifying assets

Interest Rate Discount

0.75%

$5M-<$10M in qualifying assets

Interest Rate Discount

1.00%

$10M+ in qualifying assets

Pledged Asset Line interest rates

Rates below do not include Investor Advantage Pricing discounts.

Loan value of collateral at origination
  • Loan value of collateral at origination
  • SOFR* + Interest Rate Spread
  • Annual percentage rate (APR)
  • Loan value of collateral at origination
    $100,000 to <$250,000
  • SOFR* + Interest Rate Spread
    SOFR + 4.40%
  • Annual percentage rate (APR)
    8.66%
  • Loan value of collateral at origination
    $250,000 to <$500,000
  • SOFR* + Interest Rate Spread
    SOFR + 3.90%
  • Annual percentage rate (APR)
    8.16%
  • Loan value of collateral at origination
    $500,000 to <$1,000,000
  • SOFR* + Interest Rate Spread
    SOFR + 3.40%
  • Annual percentage rate (APR)
    7.66%
  • Loan value of collateral at origination
    $1,000,000 to <$2,500,000
  • SOFR* + Interest Rate Spread
    SOFR + 2.90%
  • Annual percentage rate (APR)
    7.16%
  • Loan value of collateral at origination
    $2,500,000 and above
  • SOFR* + Interest Rate Spread
    SOFR + 2.40%
  • Annual percentage rate (APR)
    6.66%

*SOFR as of 5/23/2025

Schwab Bank reserves the right to change any part of the interest rate after the Pledged Asset Line is established, including the daily Secured Overnight Financing Rate ("SOFR"), interest rate spread, or post-demand spread.

The initial variable annual percentage rate on the Pledged Asset Line based on the loan value of the collateral pledged at origination is the sum of the SOFR index rate plus the applicable interest rate spread shown above. Pledged Asset Line amounts begin at $100,000.

What assets are eligible as collateral?

Schwab Bank determines eligible collateral for your flexible line of credit, which generally includes:

  • Marginable equity securities valued at or above $3/share.
  • Most mutual funds and exchange-traded funds.
  • Certificates of deposit and cash.
  • Many corporate, Treasury, municipal, and government agency bonds.

Retirement assets are not eligible.

Additional information about Pledged Asset Lines

Only individual, joint, and trust accounts can be pledged through the online application. Different trusts cannot be pledged together. For all other application types, and any combination of account types, speak with a Regional Banking Manager at 888-725-3630 or talk to your Schwab Financial Professional.

Considering a line of credit?

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