Zero Interest At IB

[jeb9999]

With actual Fed Funds at the 0.23% level for 5 days IB customers are getting zero interest paid on their cash. Sure would be nice to have money market funds available.

 

[Catoosa]

I agree as long as the money market fund is insured and I can get the cash out on a dollar for dollar basis. If the US government is insuring the money markets for $250,000.00, that would at least cover cash up to that amount.

 

[stock777]

This is not good.

They now have mutual funds . They'd have to set up a fund with an automatic sweep feature.


At this rate their customers are losing MILLIONS a month