which futures brokers offer sweep feature to earn higher interest on unused cash?

Discussion in 'Retail Brokers' started by mgarc, Oct 4, 2009.

  1. mgarc



    would like to find out which futures brokers out there offer the feature of sweeping unused cash balances into a higher interest yielding account at the end of each day.

    i've read that ib offers this. any other firms out there?

  2. Catoosa


    MB Trading sweeps to an interest earning account and unlimited check writing on the account.
  3. How do you do this? My excess cash in IB is not earning a single cent in interest for many moons now
  4. mgarc


    thanks catoosa. i wonder if any of the bigger firms offer this.

    darthsidious, i don't clear through ib. i just read that in one of the older forums. why don't you ask them.
  5. GTS


    MBTrading's interest rates are nothing to write home about.

    They offer Scudder money market options, the default sweep is earning a whopping 0.07%!


    I know rates everywhere are low but I can do a lot better with money parked elsewhere.