Yes!
Interactive Brokers currently pays a very competitive interest rate on cash balances in excess of $10,000 as long as your total account value is over $100,000. Interest accrues and is payable on a daily basis, and Interactive Brokers posts actual interest monthly on the 3rd business day of the following month. For the most up to date information about IB’s interest rates, please click here.
Charles Schwab also pays an interest rate for uninvested cash held in brokerage and retirement accounts. For additional information about the current interest rate for your Everyday Cash balance, please click here.
