Account balances in negative interest rate environments

I have been out of the game for a while now, where is the best place to set up an institutional account these days so that you dont end up paying interest on your own money to someone? it seems that you fund an account and you get charged on yourbalance, you do a short trade and you get charged on short interest rebate ... a bit insane... Whats the best way to structure it now and where?

 

None of our brokerage accounts pay interest on balances but we don't charge you either. I don't expect that anytime soon.

 

Thanks Robert, I guess thats USD. I am looking for best rates on balances in EUR, SEK and CHF.

 

Interesting, your profile says you are in NYC. Is this a futures account?

 

At IB ( https://www.interactivebrokers.com/en/index.php?f=interest&p=schedule2 )
they pay interest for the following min amount accounts of these currency types:

Code:

AUD (Australian Dollar)
   15,000.01 - 150,000   1.5%  (BM - 0.5%)
  150,000.01+            1.75% (BM - 0.25%)

RUB (Russian Ruble)
  700,000.01+            6.13% (BM - 5%)

ZAR (South African Rand)
  150,000.01+            3.682% (BM - 3%)

The interest for the EUR, SEK, and CHF is <= 0 ;-(

I'm surprised about the AUD. Is there maybe a high inflation in Australia or do they need desperately money? (ok, who does not?... ;-)

 

You can buy treasury bonds at IB and earn interest

 

They starts to charge interest on high balance account on some currency.