Forum » General » Interest on unused funds

Interest on unused funds

Nophotosm Brokerage Account

Posted by DouDou on November 16, 2008 (09:06AM)

Hello,
I'm new to TK and wondering if there is any interest to earn for the unused cash sitting in my trading account? If so, what is the current interest rate? Is there other way to earn a bit higher interest if the cash may not be traded for a while and how?

Many thanks for any information you may share

Regards,
DouDou
Monkey_thumb Brokerage Account

Posted by OldFart on November 16, 2008 (12:09PM)

On your Balances page is there an item "Money Fund" and Yield link?
Man-song-puppet_thumb Brokerage Account

Posted by corbinb2 on November 17, 2008 (05:54AM)

According to my similar request to TK support, right now you automatically earn .25%, but there is also a Money Market Sweep fund which you can use to earn interest as well. Last time I checked into it the Money Market, it was actually paying less than the standard rate right now, but this may have changed since then.

You must Log In to post to this forum.

Not a member? Register Now to …

  • See what other traders are doing
  • Make your own trades public
  • Share your thoughts on a trade
  • Join or start a group
  • Connect with like-minded traders