Quote from Maverick74:
Percy, I'm pretty sure that is what you are getting on cash balances, not your credit positions. There is a difference. In other words, if you have 100k in cash, no positions on, you will earn a money market rate on that cash. It will be detailed on your confirm. If you had a position on that took up the full 100k and had a 50k credit, I do not believe you are earning 5%. In fact, IB does not even pay 5% on your credit rates and IB is by far the best retail broker on long/short rates.
John,
Thanks for disclosing my name again. You are right. I get that rate on cash balance.

