Does IB actually pay interest on your futures initial margin?

Discussion in 'Retail Brokers' started by Nasdaq5048, Jan 31, 2008.

  1. According to their website, they pay interest on the commodity account. From what i understading, assume you go long 10 ES and the overnight margin is $25000, they take $25000 from your stock account and move it to the commodity account. So does the $15000/$25000 of margin you put up for the 10 ES eligible to earn interest?
  2. Surdo


    According to IB the Initial overnight performance bond on 10 ES is $45,000 with a $36,000 Maintenance.
    I am fairly sure they will pay you interest on balances above $10,000 even when utilized as a performance bond towards a futures position.

    Most other FCM's DO NOT pay interest in a commodities account unless it is tied up in a T Bill.
  3. IB will NOT pay you interest on the first $10,000 in your comodities account AND on the first $10,000 in your stock account, for the rest you should receive interest (unless you hold different currencies - you will not receive interest on the first ~ $10,000 USD in each currency).