IB Accrued Interest

Discussion in 'Retail Brokers' started by Sashe, Apr 20, 2006.

  1. Sashe


    Trying to figure out how IB calculates the accrued interest.
    I believe they pay out LIBOR (5.33% currently) -0.5%, so it is around 4.8% annual, am I correct?
    Let's say I have 100K on my IB acct and don't touch it all year long. There will be $4800 in the accrued interest in the end of the year (or $400/month). How will it be taxed (ball park)?
  2. Is libor that high?

    It will be taxed very well thanks.
  3. Sashe


  4. Sanjuro


  5. Sashe


  6. Sashe


    Thanks, great info