Will I be charged interest on positive cash balances in an IBKR Lite account with IBKR Singapore?

For an IBKR Lite account the interest charged for a margin loan is calculated based on the Tier 1 IBKR Pro rate plus 1%.

Please Note…

The interest paid on cash balances is calculated based on the Tier 2 IBKR Pro rate minus 1%.

For more information, please review the webpage for Interest Paid on Idle Cash Balances…

For negative rate currencies, IBKR Lite clients will get the same benefit as IBKR Pro clients of not being charged interest on the first tier. However, IBKR Lite clients will be charged on Tier 2 balances at a rate of the IBKR Pro rate minus 1%.

For more information, please review the webpage for…

For more information on the interest charged for a margin loan for an IBKR Lite account, please review the webpage for Interest Charged on Margin Loans.

 Please Note…