savings a/c with IB

Discussion in 'Retail Brokers' started by osho67, Sep 18, 2012.

  1. How can I create a savings a/c with IB ?. I have a portfolio margin a/c and if I have a savings a/c with them , it will be easier to tranfer cash quickly. I can buy some shares in the savings a/c and earn some dividends.Thanks
     
  2. 1245

    1245

    IB is not a bank. Banks have savings accounts. You can't buy stocks in a savings account, only a brokerage account.
     
  3. Bob111

    Bob111

    http://etfdb.com/etfdb-category/money-market/

    buy something like this(or whatever fits your risk tolerance) and trade on margin. if you want to write a checks and do some banking and buy\hold shares at same time-got to citi or something like that. IB is discount broker for a sake.