Interesting IB Margin Interest Rates

Discussion in 'Retail Brokers' started by jeb9999, Dec 10, 2008.

  1. IB has added a risk premium for large margin balances.

    over $1,000,000 0.62% (BM + 0.5%)
    over $3,000,000 0.37% (BM + 0.25%)
    over $50,000,000 1.37% (BM + 1.25%)

    "IB charges a higher default interest rate for large debit cash balances. If you anticipate consistently having a large debit cash balance which would be affected by the Tier V interest rate, please contact the IB Funds & Banking department by telephone in order to arrange a review of the account balances and interest rates charged."
     
  2. What I would give to have the problems of a multi-million dollar account at IB or any FCM.