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IBKR Interest Rates
Clients may earn interest on positive settled cash balances. The amount that you earn depends on the blended annual rate for which you are eligible. The blended annual rate is applied to the uninvested cash in your account, while balances below a certain threshold will earn no interest.
The eligible rate payable is based on:
Clients with a NAV of more than USD 100,000 (or an equivalent value in other currencies) earn an annual rate of 4.08% on their USD cash balances above USD 10,000. Clients with a NAV of less than USD 100,000 (or an equivalent value in other currencies) will receive a lower annual rate, this rate increases the closer your NAV is to USD 100,000. Interest will not be payable on the first USD 10,000 (or the equivalent value in other currencies) of uninvested cash balances. This means that the overall amount of interest payable to you will be a blended rate, i.e. a combination of the rate payable on your cash balance below USD 10,000, and the rate that is payable on balance above those values. For illustration please see examples in the table below, or for a more accurate estimation please use the calculator provided below.
All account types are eligible to earn interest. The balances across multiple Interactive Brokers accounts will not be consolidated. While NAV is aggregated across multiple currencies, the interest is calculated on each currency holding and the USD 10,000 (or the equivalent value in other currencies) threshold, below which no interest is payable, applies to each currency holding.
An IBLLC account has two segments: securities segment and commodities segment. Positions in both segments contribute towards the NAV; however, the interest is payable only on the uninvested cash in the securities segment. A sweep functionality can be used to transfer excess funds from commodities segment into the securities segment and vice versa. This can be applied each time or through an auto-sweep.
NAV adjusted blended annual interest rates based on 4.08% interest paid on USD cash balances above USD 10,000:
| 4.08% | Blended Annual Rate Paid (USD) | ||
|---|---|---|---|
| Account Cash Balance (USD) | NAV 50k | NAV 90k | NAV > 100k |
| 1,000,000 | — | — | # |
| 100,000 | — | — | # |
| 50,000 | # | # | # |
| 25,000 | # | # | # |
| 0 - 10,000 | 0% | 0% | 0% |
| Scenario | Interactive Brokers | Bank of America | Citi | E-Trade | JP Morgan | Schwab | Wells Fargo |
|---|---|---|---|---|---|---|---|
| NAV = $20,000 Cash = $5,000 |
0.000%* | 0.010% | 0.030% | 0.010% | 0.020% | 0.100% | 0.260% |
| NAV = $80,000 Cash = $20,000 |
1.632%* | 0.010% | 0.030% | 0.010% | 0.020% | 0.100% | 0.260% |
| NAV = $320,000 Cash = $80,000 |
3.570%* | 0.010% | 0.060% | 0.010% | 0.020% | 0.100% | 0.260% |
*Rate shown applies to IBKR Pro clients only.
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.
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 | 4.080% (BM - 0.5%) | 3.080% (BM - 1.5%) | |
| AED | 0 ≤ 35,000 | 0% | 0% |
| > 35,000 | 3.744% (BM - 0.75%) | 2.744% (BM - 1.75%) | |
| AUD | 0 ≤ 15,000 | 0% | 0% |
| 15,000 ≤ 150,000 | 3.840% (BM - 0.5%) | 2.840% (BM - 1.5%) | |
| > 150,000 | 4.090% (BM - 0.25%) | 2.840% (BM - 1.5%) | |
| CAD | 0 ≤ 13,000 | 0% | 0% |
| > 13,000 | 3.120% (BM - 0.5%) | 2.120% (BM - 1.5%) | |
| CHF | 0 ≤ 10,000 | 0% | 0% |
| > 10,000 | 0.173% (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 | 1.827% (BM - 2%) | 0.827% (BM - 3%) | |
| DKK | 0 ≤ 75,000 | 0% | 0% |
| > 75,000 | 2.288% (BM - 0.5%) | 1.288% (BM - 1.5%) | |
| EUR | 0 ≤ 10,000 | 0% | 0% |
| > 10,000 | 2.702% (BM - 0.5%) | 1.702% (BM - 1.5%) | |
| GBP | 0 ≤ 8,000 | 0% | 0% |
| > 8,000 | 4.203% (BM - 0.5%) | 3.203% (BM - 1.5%) | |
| HKD | 0 ≤ 78,000 | 0% | 0% |
| > 78,000 | 3.299% (BM - 0.75%) | 2.299% (BM - 1.75%) | |
| HUF | 0 ≤ 3,500,000 | 0% | 0% |
| > 3,500,000 | 3.237% (BM - 3%) | 2.237% (BM - 4%) | |
| ILS | All | 0% | 0% |
| INR | All | 0% | 0% |
| JPY | 0 ≤ 5,000,000 | 0% | 0% |
| > 5,000,000 | -0.124% (BM - 0.25%) | -1.124% (BM - 1.25%) | |
| KRW | 0 ≤ 12,000,000 | 0% | 0% |
| > 12,000,000 | 1.500% (BM - 1.5%) | 0.500% (BM - 2.5%) | |
| MXN | 0 ≤ 200,000 | 0% | 0% |
| > 200,000 | 9.470% (BM - 4%) | 8.470% (BM - 5%) | |
| NOK | 0 ≤ 100,000 | 0% | 0% |
| > 100,000 | 2.523% (BM - 2%) | 1.523% (BM - 3%) | |
| NZD | 0 ≤ 15,000 | 0% | 0% |
| > 15,000 | 0.898% (BM - 2.5%) | 0.000% (BM - 3.5%) | |
| PLN | 0 ≤ 400,000 | 0% | 0% |
| > 400,000 | 3.824% (BM - 2%) | 2.824% (BM - 3%) | |
| SAR | 0 ≤ 35,000 | 0% | 0% |
| > 35,000 | 4.489% (BM - 0.75%) | 3.489% (BM - 1.75%) | |
| SEK | 0 ≤ 110,000 | 0% | 0% |
| > 110,000 | 2.166% (BM - 0.5%) | 1.166% (BM - 1.5%) | |
| SGD | 0 ≤ 14,000 | 0% | 0% |
| > 14,000 | 2.058% (BM - 1%) | 1.058% (BM - 2%) | |
| TRY | 0 ≤ 250,000 | 0% | 0% |
| > 250,000 | 5% | 4% | |
| ZAR | 0 ≤ 150,000 | 0% | 0% |
| > 150,000 | 6.903% (BM - 1%) | 5.903% (BM - 2%) |
Negative Rates: For balances held in JPY, IBKR may apply an effective negative rate to long balances held. The negative rate applied to accounts holding this currency is the same regardless of account size. For other currencies in which the effective rate is less than zero, the interest paid is 0%
Under the Insured Bank Deposit Sweep Program, eligible IBKR clients can obtain up to $2,500,000 of FDIC insurance in addition to the existing $250,000 SIPC coverage for total coverage of $2,750,000. IBKR sweeps each participating client's free credit balances daily to one or more banks, up to $246,500 per bank, allowing for the accrual of interest and keeping within the FDIC protected threshold. Cash balances above $2,750,000 remain subject to safeguarding under the SEC's Customer Protection Rule 15c3-3, backed by the firm's equity capital, which is $16.1 billion.
Click for more information about the Insured Bank Deposit Sweep Program
Disclosures