Tipos de interés
Interest Rates
Earn up to USD 3.14%
on Your Uninvested Cash.
IBKR pays competitive interest on eligible cash balances across 23 currencies.
Interest accrues daily and is credited monthly.
How Much Interest is Your Broker Paying You?
EUR Interest Rate Comparison
| Scenario | Interactive Brokers | Saxo | S Broker | Swiss Quote | Degiro | Fineco | IG | Renta 4 Banco |
|---|---|---|---|---|---|---|---|---|
| NAV = €20,000 Cash = €5,000 |
0.000% | 0.000% | 1.500% | 0.000% | 0.000% | 0.000% | 1.982% | N/A |
| NAV = €80,000 Cash = €20,000 |
0.681% | 0.000% | 1.500% | 0.000% | 0.000% | 0.000% | 1.982% | N/A |
| NAV = €320,000 Cash = €80,000 |
1.272% | 0.000% | 1.500% | 0.000% | 0.000% | 0.000% | 0.495% | N/A |
Rates as of April 8, 2026. Source: home.saxo (Classic account) with more information here: https://www.home.saxo/campaigns/interest-rates-cal (rates shown may vary according to your country of residence), sbroker.de (KontoPlus account), swissquote.com, degiro.ie, uk.finecobank.com, ig.com/ie, r4.com
'N/A' was used when no primary source for the offered rates could be found. In some cases, the broker does not support cash balances in the currency. In others, the broker likely offers 0%, but does not advertise it.
USD Interest Rate Comparison
| Scenario | Interactive Brokers | Saxo | S Broker | Swiss Quote | Degiro | Fineco | IG | Renta 4 Banco |
|---|---|---|---|---|---|---|---|---|
| NAV = $20,000 Cash = $5,000 |
0.000% | 0.000% | N/A | 0.000% | 0.000% | 0.000% | 0.000% | N/A |
| NAV = $80,000 Cash = $20,000 |
1.256% | 0.000% | N/A | 0.000% | 0.000% | 0.000% | 0.000% | N/A |
| NAV = $320,000 Cash = $80,000 |
2.748% | 0.000% | N/A | 0.000% | 0.000% | 0.000% | 0.000% | N/A |
Rates as of April 8, 2026. Source: home.saxo (Classic account) with more information here: https://www.home.saxo/campaigns/interest-rates-cal (rates shown may vary according to your country of residence), sbroker.de (KontoPlus account), swissquote.com, degiro.ie, uk.finecobank.com, ig.com/ie, r4.com
'N/A' was used when no primary source for the offered rates could be found. In some cases, the broker does not support cash balances in the currency. In others, the broker likely offers 0%, but does not advertise it.
Turn Uninvested Cash into Earnings
The interest earned depends on:
- Your cash balance in any of the 23 currencies eligible for interest
- Your account's net asset value
- Your account type
- The market rate for that currency
IBKR pays interest on eligible cash above the stated threshold.
The first portion of your balance may earn zero interest.
Balances above that level may earn a blended rate based on published tiers.
Interest rates vary by currency. Some currencies may pay no interest or may carry negative rates.
See How Much Your
Uninvested Cash Could Earn with IBKR.
We do not sweep your cash into low-yield
programs by default. You keep the yield.
- No cap on earnings
- Instant liquidity
- Compounded daily
$40000
$
Estimated Monthly Interest
$362
Estimated Annual Interest
$4,347
Global Interest Rates by Currency
Review today's interest rates for all supported currencies. Rates are tiered and may change with market benchmarks.
| Currency | Tier | Rate Paid: IBKR Pro |
|---|---|---|
| USD | 0 ≤ 10,000 | 0% |
| > 10,000 | 3.130% (BM - 0.5%) | |
| AED | 0 ≤ 35,000 | 0% |
| > 35,000 | 2.861% (BM - 0.75%) | |
| AUD | 0 ≤ 15,000 | 0% |
| 15,000 ≤ 150,000 | 3.903% (BM - 0.5%) | |
| > 150,000 | 4.153% (BM - 0.25%) | |
| CAD | 0 ≤ 13,000 | 0% |
| > 13,000 | 1.572% (BM - 0.5%) | |
| CHF | 0 ≤ 100,000 | 0% |
| > 100,000 | -0.604% (BM - 0.25%) | |
| CNH | 0 ≤ 70,000 | 0% |
| > 70,000 | 0.50% | |
| CZK | 0 ≤ 250,000 | 0% |
| > 250,000 | 1.242% (BM - 2%) | |
| DKK | 0 ≤ 75,000 | 0% |
| > 75,000 | 1.002% (BM - 0.5%) | |
| EUR | 0 ≤ 10,000 | 0% |
| > 10,000 | 1.338% (BM - 0.5%) | |
| GBP | 0 ≤ 8,000 | 0% |
| > 8,000 | 3.150% (BM - 0.5%) | |
| HKD | 0 ≤ 78,000 | 0% |
| > 78,000 | 1.588% (BM - 0.75%) | |
| HUF | 0 ≤ 3,500,000 | 0% |
| > 3,500,000 | 2.250% (BM - 3%) | |
| ILS | All | 0% |
| INR | All | 0% |
| JPY | 0 ≤ 5,000,000 | 0% |
| > 5,000,000 | 0.257% (BM - 0.25%) | |
| KRW | 0 ≤ 12,000,000 | 0% |
| > 12,000,000 | 1.000% (BM - 1.5%) | |
| MXN | 0 ≤ 200,000 | 0% |
| > 200,000 | 2.531% (BM - 4%) | |
| NOK | 0 ≤ 100,000 | 0% |
| > 100,000 | 1.975% (BM - 2%) | |
| NZD | 0 ≤ 15,000 | 0% |
| > 15,000 | 0.000% (BM - 2.5%) | |
| PLN | 0 ≤ 400,000 | 0% |
| > 400,000 | 1.675% (BM - 2%) | |
| RON | 0 ≤ 50,000 | 0% |
| > 50,000 | 3.202% (BM - 2%) | |
| RUB | All | 0% |
| SAR | 0 ≤ 35,000 | 0% |
| > 35,000 | 3.168% (BM - 0.75%) | |
| SEK | 0 ≤ 110,000 | 0% |
| > 110,000 | 1.081% (BM - 0.5%) | |
| SGD | 0 ≤ 14,000 | 0% |
| > 14,000 | 0.172% (BM - 1%) | |
| TRY | 0 ≤ 250,000 | 0% |
| > 250,000 | 5% | |
| ZAR | 0 ≤ 150,000 | 0% |
| > 150,000 | 5.527% (BM - 1%) |
NOTES:
- Due to sanctions imposed by multiple governments, IBKR clients cannot open or close positions on the Moscow Stock Exchange (MOEX) at this time.
- We do not currently receive pricing data for MOEX listed securities or securities with a MOEX listed component.
- Any long or short RUB balances in an account auto-convert to USD or EUR, depending on the entity holding an account. Visit our Knowledge Base for additional info.
BM = IBKR Benchmark Rate. Explore how interest rate calculations and IBKR benchmark rates are determined.
About Interest Rates
Interest refers to the cost paid for borrowing money or the payment made for using someone else’s money. Interest is usually expressed as a percentage of the amount borrowed or invested and is calculated over a certain period (e.g., daily, monthly, annually).
- Borrowing money: If you borrow money from a financial institution, the firm charges you interest as a fee for allowing you to use that money. As a simple example, if you borrow USD 1,000 at 5% interest annually for a term of one year, you would be obligated to repay the lender USD 1,050 or the original USD 1,000 you borrowed, plus the USD 50 cost of borrowing the USD 1,000 for a year.
- Paying for the use of money: Clients with a NAV of more than USD 100,000 (or an equivalent value in other currencies) earn an annual rate of interest on their USD cash balances above USD 10,000. Clients with a NAV of less than USD 100,000 (or an equivalent value in other currencies) will receive a lower annual rate, this rate increases the closer your NAV is to USD 100,000. Interest will not be payable on the first USD 10,000 (or the equivalent value in other currencies) of uninvested cash balances.
As a simple example, if your account has a NAV of USD 100,000 (and is eligible to receive interest), you have a USD 10,000 in uninvested cash, and the interest rate paid is 3.83% annually, your balance would be USD 10,383 (your USD 10,000 plus the USD 383 paid for using your cash) at the end of one year, assuming you did not make any withdraw of the USD 10,000 during the year.
In both cases, interest is an incentive to lend or borrow and reflects the time value of money—meaning money today is worth more than the same amount in the future.
Additional Information
Interest accrues daily. IBKR posts the interest payments on a monthly basis on the third business day of the following month. IBKR uses a blended rate based on the tiers, and the tiers on which interest rates are based are subject to change without prior notification.
For balances held in CHF, JPY or RUB, IBKR may apply an effective negative rate to long balances held. The negative rate applied to accounts holding these currencies is the same regardless of account size. For other currencies in which the effective rate is less than zero, the interest paid is 0%.
Clients holding large cash positions with both substantial long and short balances may benefit from a special cash investment program offered by IBKR that utilizes forex exchange transactions known as FX swaps.
Eligible IBKR clients can subscribe to an auto-swap program that authorises IBKR to execute transactions systematically in the foreign exchange market. These transactions can improve the overall interest rate benefits/costs for clients with large long/short positions in a multi-currency account. This program offers no benefit to accounts with a single currency or all currency balances that are either long or short.
A foreign exchange ("FX") swap is a transaction strategy wherein one enters into a currency trade for one value date (typically the date following the trade date, in FX jargon, 'Tomorrow', or 'TOM') and reverses the transaction on the subsequent date (typically, trade date + 2 days, or 'NEXT'). The price differential between the two transactions represents the interbank differential of the two currencies' independent yield curves. The FX swap market, also called an FX roll, is a very rate efficient market. Qualifying clients may benefit from a netting effect on their pre-trade balances are combined with the transaction proceeds. The investor's cash is invested via the swap market, typically with 2-10 bps spreads per currency, rather than being held in IBKR's default mechanisms for coding and protecting client cash.
This strategy is considered a sophisticated investment strategy. It is only available to qualifying investors with cash balances of at least USD 10M or equivalent and those with a "professional" categorisation in the UK, EU, and most regulatory jurisdictions across the Asia-Pacific. In the US, investors must qualify as an Eligible Contract Participant (ECP) to enroll in the program.
For more information please contact our swaps desk at FXSwaps@IBKR.com or refer to our FAQs or Knowledge Base.
Interactive Brokers’ Interest Education and Resources
Interest refers to the cost paid for borrowing money or the payment made for using someone else’s money. Interest is usually expressed as a percentage of the amount borrowed or invested and is calculated over a certain period (e.g., daily, monthly, annually). Traders’ Academy by Interactive Brokers provides complimentary resources to help you understand the role of interest in financial services.
Featured Lesson
Introduction to Monetary Policy
This brief lesson covers how monetary policy regulates money supply and economic growth.
FAQs About Interest Rates
IBKR Reference Benchmark Rates
IBKR's benchmark for each currency is the reference rate around which our credit, debit, stock loan and other interest rate linked calculations are determined. IBKR uses a combination of internationally recognized reference rates (such Fed Funds), bank deposit rates, and dynamic interbank rates determined from foreign exchange and money markets to calculate an IBKR Reference Benchmark rate.
For more information about IBKR Reference Benchmark, visit the IBKR Knowledge Base.
For information regarding the various external reference rates that contribute to the IBKR Reference Benchmark rate, see Benchmark Interest Calculation Reference Rate Descriptions..
| Currency | Description for Effective Date | Rate | Effective Date |
|---|
IBKR accrues interest daily and posts actual interest monthly on the third business day of the following month. IBKR calculates the daily interest payable or receivable using the following: EndingSettledCash – ShortStockCollateralValue.
Earn Market Rate Interest on Your Instantly Available Cash Balances
Clients may earn interest on positive settled cash balances. The amount that you earn depends on the blended annual rate for which you are eligible. The blended annual rate is applied to the uninvested cash in your account, while balances below a certain threshold will earn no interest.
Rates and Tiers
The eligible rate payable is based on:
- The cash balance in your account.
- The overall value of your account (known as the Net Asset Value or NAV of your account).
- The currency in which your uninvested cash is held; and
- The account segment where your uninvested cash is held.
Clients with a NAV of more than USD 100,000 (or an equivalent value in other currencies) earn an annual rate of 3.14% on their USD cash balances above USD 10,000. Clients with a NAV of less than USD 100,000 (or an equivalent value in other currencies) will receive a lower annual rate, this rate increases the closer your NAV is to USD 100,000. Interest will not be payable on the first USD 10,000 (or the equivalent value in other currencies) of uninvested cash balances. This means that the overall amount of interest payable to you will be a blended rate, i.e., a combination of the rate payable on your cash balance below USD 10,000, and the rate that is payable on balance above those values. For illustration, please see examples in the table below, or for a more accurate estimation please use the calculator provided below.
If a client's accounts are eligible to earn interest, the balances across multiple Interactive Brokers accounts will not be consolidated. While NAV is aggregated across multiple currencies, the interest is calculated on each currency holding and the USD 10,000 (or the equivalent value in other currencies) threshold, below which no interest is payable, applies to each currency holding.
An IBLLC account has two segments: securities segment and commodities segment. Positions in both segments contribute towards the NAV; however, the interest is payable only on the uninvested cash in the securities segment. A sweep functionality can be used to transfer excess funds from commodities segment into the securities segment and vice versa. This can be applied each time or through an auto-sweep.
Examples for USD Balances
NAV adjusted blended annual interest rates based on 3.14% interest paid on USD cash balances above USD 10,000:
| 3.14% | Blended Annual Rate Paid (USD) | ||
|---|---|---|---|
| Account Cash Balance (USD) | NAV 50k | NAV 90k | NAV > 100k |
| 1,000,000 | # | # | # |
| 100,000 | # | # | # |
| 50,000 | # | # | # |
| 25,000 | # | # | # |
| 0 - 10,000 | 0% | 0% | 0% |
Interest Rate Calculator
Calculate the Approximate Interest Paid on Positive Cash Balances
Cash Balance
NAVNet Asset Value
Currency
Enter your positive cash balance and net asset value to calculate the approximate blended interest rate.
The Interest Rate Calculator uses interest rates as of the previous trading day.* The calculator provides projected annual earnings and the applicable interest rate based on the cash balance and Net Asset Values inserted. The estimate included in the Interest Paid column is a gross amount and does not account for taxes that may be due based on individual client circumstances. This calculator is intended as an illustration of the current interest rate and tiers and is not a reliable indicator of future performance as rates are variable and may change throughout the year.
* Interest rates are calculated based on IBKR Benchmark Rates. For more information, see IBKR Benchmark Rates.
Interest Rate Calculations
Interactive Brokers (IBKR) follows the steps listed in the Calculations section below to calculate the daily interest payable or receivable on cash balances. Interactive Brokers will combine, where possible, the balances held across multiple account segments of the integrated account. However, balances across multiple Interactive Brokers accounts will not be consolidated. In the event you hold an account with Interactive Brokers Canada or Interactive Brokers Securities Japan, the calculation will be EndingSettledCash – ShortStockCollateralValue only, as there is only one account segment.
Step 1
At the end of every day, IBKR will obtain the following balances in each currency:
- Ending Settled Cash balance in the securities account segment
- Ending Settled Cash balance in the commodities account segment
- Collateral balance for settled short stock positions
- Ending Settled Cash balance in the IBUKL segment
- Commodity risk margin requirement
- AdjustmentForSecuritiesDeficit
The cash balances are reported on the Daily Statement under Ending Settled Cash. The commodity risk margin requirement is the Maintenance Margin Requirement as reported on the daily Margin Report minus the total commodity option value. The AdjustmentForSecuritiesDeficit is calculated as follows:
Minimum(-Minimum(EndingSettledCash_Securities + EndingSettledCash_IBUKL,0), EndingSettledCash_Commodities – CommodityRiskMargin)
The purpose of the AdjustmentForSecuritiesDeficit is to determine the value of the excess commodities funds which will be used to offset negative balances in the securities and IBUKL segments.
The collateral balance per short stock is calculated by multiplying the prior day's closing price by an adjustment factor based on the currency, rounding this value up, then multiplying by the number of shares.
For example, the collateral balance on a USD-denominated security would be:
Collateral Balance = (stock A prior day closing price x 102%, rounded up to the nearest 1.00) x (number of shares stock A) + (stock B prior day closing price x 102%, rounded up) x (number of shares stock B)
The adjustments utilized by IBKR are as follows:
| USD-denominated stock – multiply by 102%, round up to nearest 1.00 |
| CAD-denominated stock – multiply by 102%, round up to nearest 1.00 |
| EUR-denominated stock – multiply by 105%, round up to nearest 0.01 |
| CHF-denominated stock – multiply by 105%, round up to nearest 0.01 |
| GBP-denominated stock – multiply by 105%, round up to nearest 0.01 |
| SEK-denominated stock – multiply by 105%, round up to nearest 0.01 |
| AUD-denominated stock – multiply by 105%, round up to nearest 0.01 |
| HKD-denominated stock – multiply by 105%, round up to nearest 0.01 |
Step 2
IBKR will obtain the USD-equivalent Net Asset Value in the account, consolidating the equity across the IBLLC and IBUKL accounts where possible. The Net Asset Value (NAV) is reflected in the daily account statement under the same name.
For the purposes of crediting interest on either long settled cash balances or short stock collateral values, accounts with a Net Asset Value (NAV) of USD 100,000 (or equivalent) or more are paid interest at the full rate for which they are eligible. Accounts with NAV of less than USD 100,000 (or equivalent) receive interest at rates proportional to the size of the account. For example, an account with a NAV of USD 50,000 earns credit interest at a rate equal to one-half the rate paid by IBKR to accounts with a NAV of USD 100,000 or more.
For example, if an account holds
- Settled Long Cash 370,000 EUR
- Settled Short Cash (370,000) USD
Calculate the USD-equivalent of the EUR balance = 370,000 x 1.2 = 444,000
Calculate the USD NAV = 444,000 – 370,000 = 74,000
As the account would have NAV less than USD 100,000, a proportionate amount of interest would be paid on the long EUR cash balance. Interest would be debited on the short USD cash balance.
Step 3
IBKR calculates an Adjusted Cash Balance for the Securities and IBUKL segments as well an Adjusted Cash Balance for the Commodity segment. This is done using the following formula:
AdjustedCashSecurities+IBUKL= EndingSettledCash_Securities + AdjustmentForSecuritiesDeficit + EndingSettledCash_IBUKL – ShortStockCollateralValue
AdjustedCashCommodities = EndingSettledCash_Commodities – CommodityRiskMargin - AdjustmentForSecuritiesDeficit
Step 4
IBKR will then determine how much of the AdjustedCashSecurities+IBUKL balance should be applied to each rate tier (see tier tables). Finally, we calculate the interest using the applicable rates (also from the tier tables): 3
No interest will be paid on excess funds in the commodities segment (AdjustmentCashCommodities). In the event negative interest rates apply, interest will be charged on long balances in the commodities segment.
The numberOfDaysInYear are based on industry standards for money market activity.
- 365: AUD, CAD, CNH/CNY, GBP, HKD, KRW, ILS, INR, NZD, RUB, SGD
- 360: USD, EUR, CHF, CZK, JPY, SEK, NOK, DKK, HUF, MXN
- 365: USD cash balances held in Bank Deposit Sweep Program.
| Interest = | ( Balance tier1 * Rate tier1 / numberOfDaysInYear ) |
| ( Balance tier2 * Rate tier2 / numberOfDaysInYear ) | |
| ( Balance tier3 * Rate tier3 / numberOfDaysInYear ) |
| 8/2/2019 BM | 2.14 | |||
| Balance | BM - 0.5% | Rate Basis | 1 Day interest | |
| Cash at IBKR | 246,500.00 | 1.64 | 360 | 11.23 |
| Sweep Balance | 246,500.00 | 1.64 | 365 | 11.08 |
Accruals will be posted to the applicable account segment as follows:
If the adjusted cash balances of the security, commodity and IBUKL segments are the same sign (i.e. all positive or all negative), the interest will be paid to the securities and IBUKL segments on pro-rata basis while no interest will accrue on the commodity balance. If the cash balances of the security and IBUKL segments are of opposite sign the interest of the Integrated Investment account will accrue to the segment with the higher balance.
The results of the above calculations are booked to a special "Accrued Cash" sub-account, one for each currency. Accrued Cash has the following features and functions:
- FUNDS FOR TRADING: accrued cash is applied to trading balances, both positively and negatively.
- WITHDRAWALS: accrued cash does not affect Settled Cash balances and therefore cannot be withdrawn. Positive accrued cash balances do not increase the available funds for withdrawal. However, negative accrued cash will reduce the funds available for withdrawal. This avoids the problem of having closed accounts with negative balances.
- PATTERN DAY TRADING: accrued cash does not count toward Pattern Day Trading minimum balance requirements.
Each day, the new calculations for accrued interest are added to the cumulative accrued cash balances from the previous day.
Statements: Whenever the balance of accrued cash exceeds USD 1.00 (or equivalent), we will show the accrual on the Daily Statement. Accruals smaller than USD 1.00 are recorded in the IBKR systems but are not reported on the statements.
At the end of the month, or within the first few days of the following month, IBKR follows these steps:
- IBKR recalculates all the interest amounts using the calculations above. The new calculation is usually identical to the original cash accruals but may vary by small amounts due to corrections in settled balances or rates.
- IBKR determines the cumulative accrued cash for the previous month as the sum of the individual days.
- IBKR reverses this amount in the Accrued Cash sub-account at the beginning of the following month. For example, if the accrued cash balance for July was positive, we apply a debit charge to accrued cash in early August.
- Simultaneously, we book the final interest calculation from Step 1 above to the regular cash account. In effect, Steps 3 and 4 above convert "pending cash" to "actual cash."
- These transactions 2 are reported on the Monthly Statement.
Trade Date versus Settlement Date (or Value Date)
In most large financial transactions, there is a time delay between the date on which the transaction is agreed to, and the date on which it settles, i.e., when the actual payment occurs. In the case of stocks (for example US stocks) there is a two-business day settlement period. If the trade is executed on a Monday, under normal settlement conditions the actual transfer of money occurs on Wednesday. If the trade occurs on Thursday, two-business days later crosses the weekend so normal settlement is the following Monday. Exchange and banking holidays the fall within the settlement period will push back the settlement date.
Why is the Settlement Date Important?
Only settled money is considered for interest rate purposes. When one buys stock, one retains the rights to interest on the money until settlement date. Similarly, sellers only start to receive interest beginning on settlement date.
Settlement Dating is generally a minor consideration for stock, option, and future traders. However, due to the large amounts of capital involved, understanding the concept of Settlement Dating is critical to FOREX and fixed income (bond or money market) traders.
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Disclosures
- The new accrued cash shown after the above postings may not be zero. The residual balances reflect the continuing accruals for the first days of the current month. For example, if IBKR processes the final interest calculation on August 6, Accrued Cash will still show the activity from August 1 through August 6.
- Interest will not accrue or be paid to the commodity segment of the account. Both credit and debit interest will accrue and pay to/from the securities and IBUKL segments.
- The calculated interest per tier will be rounded to the nearest 0.01 (or 1 for JPY). Therefore, a calculated interest of USD 0.0051 will be rounded to 0.01.
- IBKR may change these rates at any time, in its sole discretion. We will publish the current rates on a best-efforts basis. Interest rates may also vary by program or arrangement. Restrictions apply. The published rates are for direct clients of IBKR. Clients introduced through another broker may receive a different amount of interest (or no interest) at the election of the client’s introducing broker. Clients should contact their introducing broker about the rates that will apply to their account.
- Clients may earn interest on positive settled cash balances. If you fund before your account is approved, you may earn interest on cash in your account before your account is opened. Deposits will be returned without interest to applicants who are rejected.