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REDDIT

Margin interest calculation - a little BS

T
Jan 1, 2026 · 22:44

My broker charges margin interest daily, which is fine. But what is annoying is that they take the annual rate and divide it by 360, rather than 365, to come up with the daily interest rate. So I am really paying X% times 365/360 rather than just X%. That’s only an extra 1.5% or so but still feels like BS.