Interest Rates

IBKR Interest Rates

Interactive Brokers Clients Earn
Up to USD 3.83% on Their
Instantly Available Cash Balances1

Earn Market Rate Interest on Your Instantly Available Cash Balances

Clients may earn interest on positive settled cash balances, i.e. uninvested cash in your account. 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:

  1. The cash balance in your account;
  2. The overall value of your account (known as the Net Asset Value or NAV of your account);
  3. The currency in which 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 2.713% on their CAD cash balances above CAD 13,000, or 3.83% 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 CAD 13,000 or 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 CAD 13,000 or 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

All account types 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.

Examples for USD Balances

NAV adjusted blended annual interest rates based on 3.83% interest paid on USD cash balances above USD 10,000:

3.83% 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

Estimate Interest Paid on Positive (Cash) Balances
Enter Cash Balance
Enter Net Asset Value
Calculate Blended Rate


How Much Interest is Your Broker Paying You?

CAD Interest Rate Comparison (Examples)

Scenario Interactive Brokers Questrade TD Direct Investing RBC Direct Investing BMO Investorline CIBC Investor's Edge National Bank Direct Brokerage Qtrade Desjarding Online Brokerage
NAV = CAD 20,000
Cash = CAD 5,000		 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000%
NAV = CAD 80,000
Cash = CAD 50,000		 1.199% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.200%
NAV = CAD 150,000
Cash = CAD 80,000 		2.450% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.200%

Rates as of December 20, 2024. Source: www.questrade.com, www.td.com/ca/en/investing/direct-investing,www.rbcdirectinvesting.com,www.bmo.com/en-ca/main/personal/investments/direct-investing/, www.investorsedge.cibc.com/en/home.html, www.nbdb.ca, www.qtrade.ca/en/investor.html, www.disnat.com/en

Rates shown are for standard account types. Example assumes an FX conversion rate for USD.CAD of 1.4445

USD Interest Rate Comparison (Examples)

Scenario Interactive Brokers Questrade TD Direct Investing RBC Direct Investing BMO Investorline CIBC Investor's Edge National Bank Direct Brokerage Qtrade Desjarding Online Brokerage
NAV = USD 20,000
Cash = USD 5,000		 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.200%
NAV = USD 80,000
Cash = USD 50,000		 2.451% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.450%
NAV = USD 150,000
Cash = USD 80,000		 3.351% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.000% 0.450%

Rates as of December 20, 2024. Source: www.questrade.com, www.td.com/ca/en/investing/direct-investing,www.rbcdirectinvesting.com,www.bmo.com/en-ca/main/personal/investments/direct-investing/, www.investorsedge.cibc.com/en/home.html, www.nbdb.ca, www.qtrade.ca/en/investor.html, www.disnat.com/en

Rates shown are for standard account types.

Global Interest Rates

BM = IBKR Benchmark Rate. For more information, see IBKR Benchmark Rates.

Currency Tier Rate Paid
USD 0 ≤ 10,000 0%
> 10,000 3.830% (BM - 0.5%)
AED 0 ≤ 35,000 0%
> 35,000 3.700% (BM - 0.75%)
AUD 0 ≤ 15,000 0%
15,000 ≤ 150,000 3.859% (BM - 0.5%)
> 150,000 4.109% (BM - 0.25%)
CAD 0 ≤ 13,000 0%
> 13,000 2.713% (BM - 0.5%)
CHF 0 ≤ 10,000 0%
> 10,000 0.000% (BM - 0.5%)
CNH 0 ≤ 70,000 0%
> 70,000 0.50%
CZK 0 ≤ 250,000 0%
> 250,000 1.883% (BM - 2%)
DKK 0 ≤ 75,000 0%
> 75,000 2.019% (BM - 0.5%)
EUR 0 ≤ 10,000 0%
> 10,000 2.432% (BM - 0.5%)
GBP 0 ≤ 8,000 0%
> 8,000 4.219% (BM - 0.5%)
HKD 0 ≤ 78,000 0%
> 78,000 3.506% (BM - 0.75%)
HUF 0 ≤ 3,500,000 0%
> 3,500,000 3.306% (BM - 3%)
ILS All 0%
INR All 0%
JPY 0 ≤ 5,000,000 0%
> 5,000,000 -0.394% (BM - 0.25%)
KRW 0 ≤ 12,000,000 0%
> 12,000,000 1.500% (BM - 1.5%)
MXN 0 ≤ 200,000 0%
> 200,000 6.102% (BM - 4%)
NOK 0 ≤ 100,000 0%
> 100,000 2.319% (BM - 2%)
NZD 0 ≤ 15,000 0%
> 15,000 1.587% (BM - 2.5%)
PLN 0 ≤ 400,000 0%
> 400,000 3.655% (BM - 2%)
SAR 0 ≤ 35,000 0%
> 35,000 7.166% (BM - 0.75%)
SEK 0 ≤ 110,000 0%
> 110,000 1.914% (BM - 0.5%)
SGD 0 ≤ 14,000 0%
> 14,000 2.063% (BM - 1%)
TRY 0 ≤ 250,000 0%
> 250,000 5%
ZAR 0 ≤ 150,000 0%
> 150,000 6.712% (BM - 1%)

Negative Rates: For balances held in JPY, IBKR may apply an effective negative rate to long balances held. The negative rate applied to accounts holding this currency is the same regardless of account size. For other currencies in which the effective rate is less than zero, the interest paid is 0%

Disclosures

  • 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.

Interactive Brokers Canada Inc. is a member of the Canadian Investment Regulatory Organization (CIRO) and Member - Canadian Investor Protection Fund. Know Your Advisor: View the CIRO AdvisorReport. Trading of securities and derivatives may involve a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines. Interactive Brokers Canada Inc. is an order execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Our registered office is located at 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada.


Know Your Advisor: View the CIRO AdvisorReport