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  • Interest On Unvested Cash In Brokerage Accounts

    Faisal Haroon updated 4 months, 1 week ago 2 Members · 1 Reply
  • Faisal Haroon

    Moderator October 19, 2023 at 7:03 pm

    The reason to stay away from savings account interest is that the money given to the account holder is generally from the riba earned by the bank from loans given to other consumers. If this is also the case with brokerage accounts then the advice would remain the same. If, however, brokerages invest your money and offer you a certain percentage then there is no harm in it.

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