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IBKR is offering clients the opportunity to earn interest on long-settled cash balances, with accounts of over USD 100,000 receiving full interest rates, and smaller accounts receiving rates proportional to their size.
Clients with both large long and short cash positions can subscribe to an auto-swap program that authorizes IBKR to execute forex transactions, improving overall interest rate benefits/costs.
This program is only available to qualifying investors with cash balances of at least USD 10 million or equivalent, or those who qualify as an Eligible Contract Participant (ECP) in the US. Interest accrues daily and IBKR posts interest payments on a monthly basis on the third business day of the following month.
Please note that balances held in JPY or RUB may receive a negative rate, while other currencies may receive 0% interest.
If you found this guide useful, you might also want to check out our full list of guides for Interactive Brokers!
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