Interest Rates

Interest Rates

PRICING

Interest Rates

Earn Market Rate Interest on Your Instantly Available Cash Balances1

Clients may earn interest on positive settled cash balances.

Accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or more are paid interest at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account. There will be no interest paid on the first USD 10,000 of cash. Please note that interest is earned on positive settled cash balances held in the securities segment of an account but not on cash held in the commodities segment.

How Much Interest is
Your Broker Paying You?

USD Interest Rate Comparison

Broker Interest Rate
Bank of America 0.04%
Citi 0.06%
E-Trade 0.01%
Interactive Brokers *
JP Morgan 0.02%
Schwab 0.45%
Wells Fargo 1.00%

Rates as of July 3, 2024. *Rate shown applies to IBKR Pro clients only. Positive settled cash balances held in the securities segment of accounts with NAV>100k earn the stated interest rate and those with NAV<100k earn a proportional rate. Cash held in the commodities segment of an account does not earn interest. Rates are subject to change.

Interactive Brokers LLC is a U.S. Broker/Dealer and not a Bank, as such Interactive Brokers’ accounts are not eligible for FDIC coverage, but are insured through SIPC. For additional information about SIPC coverage please visit www.sipc.org. Bank interest rates shown are based on USD 100k deposit and customers being located in Greenwich, CT. Bank interest rates may vary depending on location of customers.

Global Interest Rates

BM = IBKR Benchmark Rate. For more information, see IBKR Benchmark Rates.

Currency Tier Rate Paid: IBKR Pro Rate Paid: IBKR Lite
USD 0 ≤ 10,000 0% 0%
> 10,000 4.830% (BM - 0.5%) 3.830% (BM - 1.5%)
AED 0 ≤ 35,000 0% 0%
> 35,000 4.405% (BM - 0.75%) 3.405% (BM - 1.75%)
AUD 0 ≤ 15,000 0% 0%
15,000 ≤ 150,000 4.110% (BM - 0.5%) 3.110% (BM - 1.5%)
> 150,000 4.360% (BM - 0.25%) 3.110% (BM - 1.5%)
CAD 0 ≤ 13,000 0% 0%
> 13,000 4.212% (BM - 0.5%) 3.212% (BM - 1.5%)
CHF 0 ≤ 10,000 0% 0%
> 10,000 0.585% (BM - 0.5%) 0.000% (BM - 1.5%)
CNH 0 ≤ 70,000 0% 0%
> 70,000 0.50% 0.50%
CZK 0 ≤ 250,000 0% 0%
> 250,000 2.339% (BM - 2%) 1.339% (BM - 3%)
DKK 0 ≤ 75,000 0% 0%
> 75,000 2.780% (BM - 0.5%) 1.780% (BM - 1.5%)
EUR 0 ≤ 10,000 0% 0%
> 10,000 3.178% (BM - 0.5%) 2.178% (BM - 1.5%)
GBP 0 ≤ 8,000 0% 0%
> 8,000 4.711% (BM - 0.5%) 3.711% (BM - 1.5%)
HKD 0 ≤ 78,000 0% 0%
> 78,000 3.886% (BM - 0.75%) 2.886% (BM - 1.75%)
HUF 0 ≤ 3,500,000 0% 0%
> 3,500,000 3.762% (BM - 3%) 2.762% (BM - 4%)
ILS All 0% 0%
INR All 0% 0%
JPY 0 ≤ 5,000,000 0% 0%
> 5,000,000 -0.445% (BM - 0.25%) -1.445% (BM - 1.25%)
KRW 0 ≤ 12,000,000 0% 0%
> 12,000,000 2.000% (BM - 1.5%) 1.000% (BM - 2.5%)
MXN 0 ≤ 200,000 0% 0%
> 200,000 6.739% (BM - 4%) 5.739% (BM - 5%)
NOK 0 ≤ 100,000 0% 0%
> 100,000 2.497% (BM - 2%) 1.497% (BM - 3%)
NZD 0 ≤ 15,000 0% 0%
> 15,000 3.022% (BM - 2.5%) 2.022% (BM - 3.5%)
PLN 0 ≤ 400,000 0% 0%
> 400,000 3.683% (BM - 2%) 2.683% (BM - 3%)
RUB* 0 ≤ 750,000 - 11.00% - 11.00%
> 750,000 - 11.00% - 11.00%
SAR 0 ≤ 35,000 0% 0%
> 35,000 4.976% (BM - 0.75%) 3.976% (BM - 1.75%)
SEK 0 ≤ 110,000 0% 0%
> 110,000 3.109% (BM - 0.5%) 2.109% (BM - 1.5%)
SGD 0 ≤ 14,000 0% 0%
> 14,000 2.434% (BM - 1%) 1.434% (BM - 2%)
TRY 0 ≤ 250,000 0% 0%
> 250,000 5% 4%
ZAR 0 ≤ 150,000 0% 0%
> 150,000 7.173% (BM - 1%) 6.173% (BM - 2%)

NOTES:

  • Due to restrictions imposed by Russia, IBKR clients cannot open or close positions on the Moscow Stock Exchange at this time.
  • AS of July 28, 2022, any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.
  • As of June 21, 2024, we no longer receive pricing data for MOEX listed securities or securities with a MOEX listed component.

Interest Rate Calculator

Estimate Interest Paid on Positive (Cash) Balances
Enter Cash Balance
Enter Net Asset Value
Pricing Plan:
IBKR Pro IBKR Lite
Calculate Blended Rate


Examples:

NAV = USD 1,000,000
Cash (USD) Interest Rate Interest Paid Blended Rate
Up to Tier Cutoff 10,000 0.00% 0
Above the Tier Cutoff 990,000 4.83%
Total 1,000,000
 
Blended Rate 1,000,000
NAV = USD 300,000
Cash (USD) Interest Rate Interest Paid Blended Rate
Up to Tier Cutoff 10,000 0.00% 0
Above the Tier Cutoff 290,000 4.83%
Total 300,000
 
Blended Rate 300,000

Potentially Improve Your Cash Portfolio Returns on Large Cash Balances


Clients holding large cash positions with both substantial long and short balances may benefit from a special cash investment program offered by IBKR that utilises forex exchange transactions known as FX swaps.

Eligible IBKR clients can subscribe to an auto-swap program that authorises IBKR to execute transactions systematically in the foreign exchange market. These transactions can improve the overall interest rate benefits/costs for clients with large long/short positions in a multi-currency account. This program offers no benefit to accounts with a single currency or all currency balances that are either long or short.

An FX swap is a transaction strategy wherein one enters into a currency trade for one value date (typically the date following the trade date, in FX jargon, 'Tomorrow', or 'TOM') and reverses the transaction on the subsequent date (typically, trade date + 2 days, or 'NEXT'). The price differential between the two transactions represents the interbank differential of the two currencies' independent yield curves. The FX swap market, also called an FX roll, is a very rate efficient market and qualifying clients may benefit from a netting effect on their pre-trade balances combined with the transaction proceeds. The investor's cash is invested via the swap market, typically with 2-10 bps spreads per currency, rather than being held in IBKR's default mechanisms for coding and protecting client cash.

This strategy is considered a sophisticated investment strategy. It is only available to qualifying investors with cash balances of at least 10M USD or equivalent and those with a "professional" categorisation in the UK, EU, and most regulatory jurisdictions across the Asia-Pacific. In the US, investors must qualify as an Eligible Contract Participant (ECP) to enroll in the program.

For more information please contact our swaps desk at FXSwaps@IBKR.com or refer to our FAQs or Knowledge Base.

Additional Information

Interest accrues daily. IBKR posts the interest payments on a monthly basis on the third business day of the following month. IBKR uses a blended rate based on the tiers, and the tiers on which interest rates are based are subject to change without prior notification.

For balances held in JPY or RUB, IBKR may apply an effective negative rate to long balances held. The negative rate applied to accounts holding these currencies is the same regardless of account size. For other currencies in which the effective rate is less than zero, the interest paid is 0%.

Disclosures

  1. Accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or greater are paid interest at the full rate. Accounts with a NAV lower than USD 100,000 (or equivalent) receive interest payments at rates proportional to the account size, and no interest is paid on the first USD 10,000 of cash in the account. Please note that interest is earned on positive settled cash balances held in the securities segment of an account but not on cash held in the commodities segment of the account.

  • IBKR may change these rates at any time, in its sole discretion. We will publish the current rates on a best-efforts basis. Interest rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker may receive a different amount of interest (or no interest) at the election of the client’s introducing broker. Clients should contact their introducing broker about the rates that will apply to their account.