This article lays out the key terms and current rates of Deposit Interest pursuant to Section 7 of the Platform Participation Agreement. References to ‘Fee Schedule’ in Section 7 of the Platform Participation Agreement refer to this article.
| Participant Category | Deposit Interest Rate |
| USD Accounts Only | 1.0% |
Tip: Participants may generate an account statement report to verify Deposit Interest paid on their account.
Key Terms
- Interest accrues at the end of each day based on the total Balance (i.e. the current realized balance of an account including uncleared transactions).
Note: This means that Deposit Interest accrues even while unfilled buy orders are in the market.
- Interest is currently paid monthly (on the last day of the month)
- MERJ may determine the frequency and manner in which interest is credited to participant accounts.
- MERJ may make changes to the rates and terms at any time, with or without prior notice to participants.
- Deposit Interest rate is net of MERJ administration fees and relevant third-party costs.
- MERJ's determination of interest rates and administration fees is final and binding.
Originally published on 1 April 2023
Updated 3 October 2024