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 | 0.07% | |
| E-Trade | 0.01% | |
| Interactive Brokers | 4.83% | * |
| JP Morgan | 0.02% | |
| Schwab | 0.45% | |
| Wells Fargo | 1.00% |
Rates as of March 5, 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 | 4.522% (BM - 0.75%) | 3.522% (BM - 1.75%) | |
| AUD | 0 ≤ 15,000 | 0% | 0% |
| 15,000 ≤ 150,000 | 3.681% (BM - 0.5%) | 2.681% (BM - 1.5%) | |
| > 150,000 | 3.931% (BM - 0.25%) | 2.681% (BM - 1.5%) | |
| CAD | 0 ≤ 13,000 | 0% | 0% |
| > 13,000 | 4.390% (BM - 0.5%) | 3.390% (BM - 1.5%) | |
| CHF | 0 ≤ 10,000 | 0% | 0% |
| > 10,000 | 1.030% (BM - 0.5%) | 0.030% (BM - 1.5%) | |
| CNH | 0 ≤ 70,000 | 0% | 0% |
| > 70,000 | 0.50% | 0.50% | |
| CZK | 0 ≤ 250,000 | 0% | 0% |
| > 250,000 | 4.127% (BM - 2%) | 3.127% (BM - 3%) | |
| DKK | 0 ≤ 75,000 | 0% | 0% |
| > 75,000 | 3.075% (BM - 0.5%) | 2.075% (BM - 1.5%) | |
| EUR | 0 ≤ 10,000 | 0% | 0% |
| > 10,000 | 3.428% (BM - 0.5%) | 2.428% (BM - 1.5%) | |
| GBP | 0 ≤ 8,000 | 0% | 0% |
| > 8,000 | 4.687% (BM - 0.5%) | 3.687% (BM - 1.5%) | |
| HKD | 0 ≤ 78,000 | 0% | 0% |
| > 78,000 | 2.998% (BM - 0.75%) | 1.998% (BM - 1.75%) | |
| HUF | 0 ≤ 3,500,000 | 0% | 0% |
| > 3,500,000 | 5.782% (BM - 3%) | 4.782% (BM - 4%) | |
| ILS | All | 0% | 0% |
| INR | All | 0% | 0% |
| JPY | 0 ≤ 5,000,000 | 0% | 0% |
| > 5,000,000 | -0.328% (BM - 0.25%) | -1.328% (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 | 6.580% (BM - 4%) | 5.580% (BM - 5%) | |
| NOK | 0 ≤ 100,000 | 0% | 0% |
| > 100,000 | 2.400% (BM - 2%) | 1.400% (BM - 3%) | |
| NZD | 0 ≤ 15,000 | 0% | 0% |
| > 15,000 | 2.983% (BM - 2.5%) | 1.983% (BM - 3.5%) | |
| PLN | 0 ≤ 400,000 | 0% | 0% |
| > 400,000 | 3.706% (BM - 2%) | 2.706% (BM - 3%) | |
| RUB* | 0 ≤ 750,000 | - 11.00% | - 11.00% |
| > 750,000 | - 11.00% | - 11.00% | |
| SAR | 0 ≤ 35,000 | 0% | 0% |
| > 35,000 | 5.071% (BM - 0.75%) | 4.071% (BM - 1.75%) | |
| SEK | 0 ≤ 110,000 | 0% | 0% |
| > 110,000 | 3.372% (BM - 0.5%) | 2.372% (BM - 1.5%) | |
| SGD | 0 ≤ 14,000 | 0% | 0% |
| > 14,000 | 2.756% (BM - 1%) | 1.756% (BM - 2%) | |
| TRY | 0 ≤ 250,000 | 0% | 0% |
| > 250,000 | 5% | 4% | |
| ZAR | 0 ≤ 150,000 | 0% | 0% |
| > 150,000 | 7.162% (BM - 1%) | 6.162% (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.
Interest Rate Calculator
Estimate Interest Paid on Positive (Cash) Balances
Enter Cash Balance
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Calculate Blended Rate
Compare -IBKR Lite vsIBKR Pro
Which Plan is Best for You?
| Features | IBKR Lite | IBKR Pro |
|---|---|---|
| Commissions: | ||
US Exchange-Listed Stocks / ETFs | Commission-free1, 12 | Fixed or Tiered Pricing |
Other Stocks / ETFs | Fixed Pricing | Fixed or Tiered Pricing |
Options | Fixed Pricing2 | Fixed or Tiered Pricing |
Futures | Fixed Pricing | Fixed or Tiered Pricing |
Currencies | Tiered Pricing | Tiered Pricing |
Bonds | Tiered Pricing | Tiered Pricing |
Mutual Funds | Fixed Pricing | Fixed or Tiered Pricing |
| Account Fees: | ||
Minimum Balance | USD 0 | USD 0 |
Maintenance Fee | USD 0 | USD 0 |
Interest Paid on Instantly Available Cash Balances3 | Benchmark minus 1.5% | Benchmark minus 0.5% |
Interest Charged for Margin Loan | Benchmark plus 2.5% | Begins at Benchmark plus 1.5%, with lower rates for higher loan values.4 |
| Eligible Accounts: | ||
US Retail Investors5 | ||
Institutional Accounts6 | ||
Advisors7,8 | ||
Brokers9,10 | ||
| Account Features: | ||
Stock Yield Enhancement Program | ||
FDIC Promontory Program | ||
Market Data - US Listed Stock/ETFs | Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs. | Complimentary non-consolidated, real time streaming data* for primary exchanges for US Equities and ETFs. |
Market Data - Other Products | Low-cost data bundles and a la carte subscriptions available. | Low-cost data bundles and a la carte subscriptions available. |
Outside Regular Trading Hours11 | 07:00 - 20:00 | 04:00 - 20:00 |
| Trading Technology: | ||
Client Portal | ||
IBKR Mobile | ||
IBot | ||
Trader Workstation (TWS) | ** | |
IBKR APIs | ||
Algos | † | |
Condition Orders & | ||
Paper Trading | ||
Mutual Fund / ETF Replicator | ||
Risk NavigatorSM | ||
= Included
- IBKR Lite is meant for retail investors, including financial advisors trading on behalf of their retail clients. IBKR reserves the right to reject any IBKR Lite order or series of orders if IBKR determines the order(s) appear to show non-retail trading behavior. At the time an order is rejected, the client will be automatically presented the option to resubmit the rejected order on a Fixed commission basis.
- Where available in North America.
- Accounts with a NAV of less than USD 100,000 (or equivalent) will be paid at a rate proportional to accounts with a NAV of USD 100,000 (or equivalent) or more. The proportion is determined by the ratio of the account's NAV to USD 100,000 (or equivalent). This does not apply to currencies with negative interest rates, where the negative rate applied will be the same regardless of account size. See our Interest Rates for details.
- See our Margin Rates for details.
- US Retail Investors includes individuals, joint, UGMA/UTMA, retirement and trust accounts.
- Standalone trust accounts with legal entity trustees are not eligible for IBKR Lite
- Institutional Accounts are defined as any hedge funds, proprietary trading group or organizational type accounts
- Advisors include all registered financial advisors and non-registered financial advisors.
- To be eligible for IBKR Lite, advisors must be US domiciled and must have:
- Less than 15% of client accounts outside the US
- Less than 15% of client equity outside the US
- Less than 15% of client accounts as organization accounts
- No client accounts from Israel
- No partitioned client accounts
- No Separate Trading Limits (Proprietary Trading) accounts
- Brokers require special approval from IBKR before opening an IBKR Lite account. Brokers cannot have both IBKR Lite and IBKR Pro clients under the same account structure. Separate accounts structures are required to facilitate.
- Brokers on the IBKR Lite plan cannot support the follow ing type of client sub accounts:
- Israel is the country of legal residence of the account holder
- Partitioned client accounts
- Three-tier hierarchies (no advisor or STL proprietary trading accounts)
- OMS clients
- Regular trading hours for IBKR Lite and IBKR Pro are 09:30 – 16:00. Market orders placed prior to regular trading hours will be treated as MarketOnOpen orders and count towards client threshold.
- At the end of each month, IBKR will review the total monthly trading volume of US listed stock orders. If the combined volume of OnClose, OnOpen, Outside Regular Trading Hours ("Outside RTH") or sub-USD 1.00 NMS exceeds 10% of an account's monthly US stocktrading volume, a commission of the lesser of USD 0.005 per share or 1% of trade value will be charged.
- * Excludes pink sheet data.
- **Trader Workstation (TWS) is not available to Brokers' clients enrolled in IBKR Lite.
- † Fees may apply.
We understand your investment needs change over time. You can switch between the IBKR Lite and IBKR Pro plan at any time. Your first three reclassifications are processed on a daily basis while subsequent reclassifications happen on a quarterly basis.
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
- 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.
