Interactive Brokers to raise interest rates to 4.83% on instantly available cash

Interactive Brokers announced that clients are expected to earn up to 4.83% on instantly available cash balances over $10,000. “Interactive Brokers offers a simple Cash Management solution so clients can oversee their finances from a single account,” said Steve Sanders, EVP of Marketing and Product Development, at Interactive Brokers. “With our all-in-one approach, clients can earn and borrow at superior rates, make routine transactions and also trade across products and markets, without maintaining multiple accounts and services.”