2023-03-24 06:57:35 ET
- Interactive Brokers ( NASDAQ: IBKR ) announced that clients are expected to earn up to USD 4.33% on instantly available cash balances $10K+.
- Unlike brokerages that offer significantly lower rates, Interactive Brokers conveniently pays interest directly to client brokerage accounts.
- While interest rates available at other brokerages are only USD 0.01%–2.32%, the market interest paid by Interactive Brokers, is calculated using the Fed Funds rate as the reference rate for USD minus 0.5%.
For further details see:
Interactive Brokers expected to raise interest rates to USD 4.3%