Best brokers for cash interest in 2024

Written by
Gyula L.
Fact checked by
Tamás D.
Updated
3w ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Find below the strengths of the best brokers for cash interest available in the United States, updated for 2024:

  1. moomoo - the best online broker for cash interest in 2024. Commission-free stock and ETF trading. Fast and easy account opening. Quality analytical tools and excellent education services. Pays high interest on uninvested cash.
  2. Webull - Free stock/ETF trading and high 5% interest on uninvested cash. Fast and easy account opening. Great trading platforms.
  3. Fidelity - Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  4. Vanguard - Stocks and ETFs are free to trade. Easy account opening. Great mobile trading platform. Interest paid on uninvested cash.
  5. Interactive Brokers - Low trading fees and high interest on cash balances. Wide range of products. Many great research tools.
  6. eToro - Free stock and ETF trading. Seamless account opening. Social trading.
  7. Charles Schwab - Free stock and ETF trading. Outstanding research. Great customer service.
  8. Robinhood - Free US stock and ETF trading. Great mobile and web trading platforms. Fast and fully digital account opening. Interest paid on uninvested cash.
  9. Merrill Edge - Low trading fees. Easy and seamless account opening. Strong parent company.
  10. E*TRADE - Low trading fees (free stock and ETF trading). User-friendly mobile trading platform. Great research tools. Pays interest on uninvested cash.
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Top brokers for cash interest

Highlights of the best brokers for cash interest

Check out the interactive table below and compare the cash yields for various currencies and amounts that these top brokers offer to their clients.

Broker
USD cash yield in a $10k scenario
GBP cash yield in a £10k scenario
moomoo
5.1%
0.0%
Webull
5.0%
0.0%
Fidelity
2.7%
0.0%
Vanguard
2.6%
0.0%
Interactive Brokers
0.0%
0.1%
eToro
2.0%
0.0%
Charles Schwab
0.5%
0.0%
Robinhood
1.5%
0.0%
Merrill Edge
0.0%
0.0%
E*TRADE
0.0%
0.0%
Best brokers for cash interest data compiled for March 2024

Popularity of the best brokers for cash interest

Interested in what others think? Here's how many people chose these brokers at BrokerChooser in the last 6 months.

Non-trading fees

Broker
Inactivity fee
Withdrawal fee
moomoo
$0
Webull
$0
Fidelity
$0
Vanguard
$0
Interactive Brokers
$0
eToro
$5
Charles Schwab
$0
Robinhood
$0
Merrill Edge
$0
E*TRADE
$0
Non-trading fees at the best brokers for cash interest

Recommended for investors and traders looking for zero-commission trading and focusing on US markets

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moomoo snapshot
US zero-fee discount broker
Overall score 4.6 stars
Safety score 3.7 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of moomoo, check out our review for 2024

Recommended for investors and traders looking for zero-commission trading and easy platforms

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Webull snapshot
US discount broker
Overall score 4.6 stars
Safety score 3.4 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Webull, check out our review for 2024

Recommended for investors and traders looking for solid research and great trading platforms

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Fidelity snapshot
US stockbroker
Overall score 4.7 stars
Safety score 4.2 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of Fidelity, check out our review for 2024

Recommended for long-term investors looking for great ETF and mutual fund selection

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Vanguard snapshot
US stockbroker
Overall score 4.3 stars
Safety score 3.9 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of Vanguard, check out our review for 2024

Recommended for traders looking for broad market access and a professional trading environment

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Interactive Brokers snapshot
International broker providing all asset classes
Overall score 4.9 stars
Safety score 4.8 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of Interactive Brokers, check out our review for 2024

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro snapshot
Global social trading broker
Overall score 4.8 stars
Safety score 3.5 stars
Minimum deposit $10
Inactivity fee Yes
Time to open account 1 day
Read review For a detailed analysis of eToro, check out our review for 2024

Recommended for investors and traders looking for solid research, low fees and great customer service

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Charles Schwab snapshot
US discount broker
Overall score 4.6 stars
Safety score 4.9 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Charles Schwab, check out our review for 2024

Recommended for beginners and buy-and-hold investors focusing on the US stock market

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Robinhood snapshot
US zero-fee discount broker
Overall score 4.3 stars
Safety score 3.0 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Robinhood, check out our review for 2024

Recommended for investors and traders looking for low fees, quick account opening and simple platforms

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Merrill Edge snapshot
US discount broker
Overall score 4.6 stars
Safety score 4.5 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Merrill Edge, check out our review for 2024

Recommended for investors and traders looking for solid research and a great mobile trading platform

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E*TRADE snapshot
US stockbroker
Overall score 4.5 stars
Safety score 4.9 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of E*TRADE, check out our review for 2024

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How did we pick the best brokers for cash interest in 2024?

  • We checked 101 online brokers, trying out their services using real money,
  • We compared their cash interest rates,
  • We checked whether the broker is regulated by a trusted regulator,
  • We checked non-trading fees (e.g. inactivity, withdrawal or account fees),
  • We also took into account the overall quality of each broker's services
Save hours of research!
Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology. This includes collecting more than 600 data points for each broker.

FAQ

Are these brokers safe for cash interest?

Yes, the brokers listed here are considered safe and legit. Each of them is regulated by at least one top-tier financial authority, providing a secure environment for your cash investments.

Should I open a separate account for cash interest?

Brokers typically provide cash interest for your uninvested cash within the same account. Opening a separate account is not necessary to earn interest. The interest rates may differ based on the base currency of your account. Some brokers offer varying interest rates depending on the base currency in which the funds are held. Note that not all currencies may be eligible for earning interest.

Can I withdraw my cash at any time?

In most cases, you can withdraw your cash at any time without restrictions. Brokers aim to provide flexibility for account holders to access their funds whenever needed. Be sure to check the withdrawal options and processing times with your specific broker.

What factors should I consider when choosing a broker for cash interest?

When selecting a broker for earning interest on uninvested cash, it is important to consider factors such as the interest rate offered, the safety credentials of the broker, and non-trading fees such as account fee, withdrawal fee, and inactivity fee.

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Author of this article

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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