Will IBKR be paying interest on cash?

No, IBKR will not be paying interest on cash held in an ISK account, but you can get interest on your cash in your linked trading/general investment account (GIA). 

The material contained herein is for general information only and is not intended to serve, and should not be construed as, tax, legal or investment advice. Please consult your own advisors.

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Can I trade fractional shares in my PEA Account?
How many ISKs can I have?
Are there any custody or maintenance fees for an ISK?
Can I trade on margin in my PEA Account?