undervalued Posted April 6, 2016 Share Posted April 6, 2016 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? Link to comment Share on other sites More sharing options...
scorpioncapital Posted April 6, 2016 Share Posted April 6, 2016 Why do you have to do anything? Link to comment Share on other sites More sharing options...
wachtwoord Posted April 6, 2016 Share Posted April 6, 2016 I usually have a negative cash balance so I pay IB a small interest. Link to comment Share on other sites More sharing options...
AccentricInv Posted April 6, 2016 Share Posted April 6, 2016 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. Link to comment Share on other sites More sharing options...
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