For $50K account, what is the interest rate your FCM/broker paid you?

[dabao91]

For $50K account, what is the interest rate your FCM/broker paid you?

Please also post the name of your FCM/broker.

 

[dabao91]

4.5% and ABOVE --- Interactive Brokers

 

[Nasdaq5048]

Quote from dabao91:

4.5% and ABOVE --- Interactive Brokers

U wont get 4.5% if u factor in there is no interest on 1st 10K. So, 0.8 * 4.5% is the correct anwser

 

[dabao91]

What does IB pay you for interest for $50K deposit currently?

 

[dabao91]

which brokers pay 4% or 4.5% or above?

 

[JayS]

Quote from dabao91:

What does IB pay you for interest for $50K deposit currently?

$50k would be approx = 3.6%

$100k would be approx = 4.05%

 

[GTC]

For $50k account with cash, IB currently effectively pays {4.28%x[(50k-10k)/50k]}= ~3.42%.
individuals.interactivebrokers.com/en/accounts/fees/interest.php?ib_entity=llc. Just2trade, for example, can pay ~4.49%.

 

[sim03]

Oanda: 4.4%, since Nov. 1

Sep. 19 - Nov. 1: 4.65%

Jan. 31 - Sep. 19: 4.925%

Jul. 3, 2006 - Jan. 31: 4.825%, etc.

Balance is not a factor. Current and historical interest rates:

https://fx1.oanda.com/user/interestrate.html

 

[Brucelee]

Just2Trade

They sweep funds into this

http://www.reservefunds.com/ReserveOnline/RSVYieldsHTML?info=yields

 

[Daal]

mbtrading sweep funds to
http://www.mbtrading.com/intRates.asp
I choose Reich & Tang 4.34% independent of balance, with 0 withholding for non-US citizens.
the yield might not have been updated for the fed cuts even though they claim it was