For those who are using Interactive Broker, where do you park your money?

[undervalued]

I don't think Interactive broker pays any interest on cash you have sitting in your account. Do you buy a money market fund while holding cash? What do you do?

[scorpioncapital]

Why do you have to do anything?

 

 

[wachtwoord]

I usually have a negative cash balance so I pay IB a small interest.

[AccentricInv]

I'm pretty sure you can have them sweep the excess cash into a money market fund, although this isn't the default setting (unlike other brokers).  So you'll need to do change this setting yourself, and the interest is obviously negligible.