I was looking at interest rates for IB cash balances, and noticed the short interest rebate tier I minimum is $100K. what exactly does that mean? An example I saw seems to indicate that you get get paid on shorts exceeding $100K. In other words, if I was short $150K, I would be paid for $50K. Is this how the short interest works at IB? Any other retail outfits paying short interest rebates?
Yes. See the very last example at the bottom: http://www.interactivebrokers.com/en/accounts/fees/interestMethods.php?ib_entity=llc#examples Retail outfits, none that I'm aware of. Certain prop shops do.