Zero Interest At IB

Discussion in 'Retail Brokers' started by jeb9999, Nov 7, 2008.

  1. With actual Fed Funds at the 0.23% level for 5 days IB customers are getting zero interest paid on their cash. Sure would be nice to have money market funds available.
  2. Catoosa


    I agree as long as the money market fund is insured and I can get the cash out on a dollar for dollar basis. If the US government is insuring the money markets for $250,000.00, that would at least cover cash up to that amount.
  3. This is not good.

    They now have mutual funds . They'd have to set up a fund with an automatic sweep feature.

    At this rate their customers are losing MILLIONS a month