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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.

Pledged Asset Line interest rates

Column headers with buttons are sortable.
Loan value of collateral at origination SOFR* + Interest Rate Spread Annual percentage rate (APR)
$100,000 to <$250,000 SOFR + 4.40% 8.03%
$250,000 to <$500,000 SOFR + 3.90% 7.53%
$500,000 to <$1,000,000 SOFR + 3.40% 7.03%
$1,000,000 to <$2,500,000 SOFR + 2.90% 6.53%
$2,500,000 and above SOFR + 2.40% 6.03%

*SOFR as of 04/13/2026

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. For all other application types, speak with your Schwab Financial Professional or call a Banking Professional at 888-725-3630.

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