Whether you are a novice investor or a professional trader, PennTrade offers a comprehensive suite of tools to meet your investment needs. Interest on Cash Balances As a benefit to our customers, PennTrade pays interest on credit balances.
Simple interest is calculated on the entire daily balance and is credited to the account monthly.
Cash and credit balances in your cash account can be automatically swept into a money market account. In addition to money market accounts, PennTrade offers free check writing. No Fee Dividend Reinvestment You can choose to have your dividends reinvested into common stock or have dividend checks sent monthly. Written Confirmations Confirmations are mailed to you via first class mail on the business day following a transaction. This initial deposit can be met with cash, equivalent securities or any combination of the two.