Etrade- What are the interest fees on trading with a margin account,?

Question

how often are the interest fees added on untill the margin acct is payed back?

Answer 1

the rate depends on the margin balance you hold. The interest is added to the balance monthly but accrues daily until you pay it back in full, just like any line of credit or credit card..

Answer 2

The rates change daily, depending on what banks are willing to lend at the "brokers call rate". You will accrue interest daily and see a debit once a month,