Pledged Asset Line rates

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

Loan value of collateral at origination

Loan value of collateral at origination
  • Loan value of collateral at origination
  • Annual percentage rate (APR)
  • Loan value of collateral at origination
    $100,000 to $249,999
  • Annual percentage rate (APR)
    SOFR + 4.65%
  • Loan value of collateral at origination
    $250,000 to $499,999
  • Annual percentage rate (APR)
    SOFR + 3.40% 
  • Loan value of collateral at origination
    $500,000 to $999,999
  • Annual percentage rate (APR)
    SOFR + 2.90%
  • Loan value of collateral at origination
    $1,000,000 to $2,499,999 
  • Annual percentage rate (APR)
    SOFR + 2.40%  
  • Loan value of collateral at origination
    $2,500,000 and above
  • Annual percentage rate (APR)
    SOFR + 1.90%

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 with a required initial minimum advance of $70,000.

What assets qualify 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.

Find out if a specific security is eligible for your Pledged Asset Line.

Use our Advance Rate Lookup tool to see if a particular security symbol may be eligible to be used as collateral for your Pledged Asset Line. You can enter up to 10 security symbols in a single search.

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Additional information about Pledged Asset Lines

Discover potential uses of a Pledged Asset Line

Get answers to common questions

Want to learn more about a Pledged Asset Line?

Speak with a Regional Banking Manager at 888-725-3630 or talk to your personal Schwab Financial Professional.

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