Merrill Lynch - Retirement Accounts
Merrill Lynch
Merrill agreed to pay $39 million to settle claims over interest on cash in Merrill Edge retirement accounts.
A $39 million settlement resolves claims that Merrill failed to pay a reasonable interest rate on cash balances swept from Merrill Edge self-directed retirement accounts into Merrill-affiliated bank deposit accounts through the Retirement Asset Savings Program. It covers accounts with swept cash balances held between December 15, 2016 and March 15, 2020. Payments are automatic, and payments under $10 are not issued.
Who can claim
- Merrill Edge retirement account holder
- Account held 12/15/2016 - 03/15/2020
- Cash balances swept via RASP
- No claim form required
Information sourced from the official settlement website and court documents; payments and eligibility are determined by the settlement administrator. Rightful is not a law firm — you file your own claims and keep 100% of your payout.