Monday, January 11, 2010

SCHWAB LOWERS AND SIMPLIFIES TRADE COMMISSIONS

Flat $8.95 per online equity trade commission applies regardless of number of shares traded or client account size

SAN FRANCISCO, Jan. 7, 2010 — In its ongoing effort to make investing more accessible and

affordable, The Charles Schwab Corporation today announced reductions in online equity trade commissions designed to provide greater value for investors of all sizes, regardless of the frequency or size of their trades.

Beginning January 19, 2010 Schwab retail investors will pay just $8.95per online trade in stocks or non-Schwab exchange traded funds. (Schwab ETFs feature commission-free online trading through Schwab accounts.) Formerly, investors who held less than $1 million in household assets at Schwab or who traded fewer than 120 times per year paid $12.95 per trade plus charges for trades larger than 1000 shares.

More information available at ::: http://www.schwab.com/ :::