Fineco Bank cash interest rate

Personally tested

Data-driven

Independent

Does Fineco Bank pay interest on uninvested cash as of December 2024?

If you have uninvested cash lying around on your brokerage account, you should make it work for you in a low-risk way instead of letting it lose value. Many brokers now offer meaningful interest on your idle cash.

Unfortunately, Fineco Bank doesn't pay any interest on uninvested cash. You should not leave too much money lying around here for too long: consider finding a broker that pays interest.

Earn money on uninvested cash (AI-generated image)

My key points regarding cash interest at Fineco Bank

Adam Nasli

Trading • Safety • Market Analysis

I have personal experience with dozens of global brokers and have taken a closer look at which pay interest on cash, and under what conditions. Here are my key insights regarding earning interest on cash at Fineco Bank:

Fineco Bank offers no interest on your uninvested funds.
Check the best brokers for cash interest to find brokers that offer the most attractive rates.

Fineco Bank

4.5/5

Minimum deposit

Stock fee

Low

FX fee

Average

Inactivity fee

Account opening

1-3 days

Visit Fineco Bank

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You cannot earn any interest on cash at Fineco Bank

Earning interest on uninvested cash in a brokerage account is a useful, low-risk way to preserve the value of your money. However, there can be significant differences among brokers when it comes to interest: some don't pay anything, while some brokers pay higher rates than banks.

Fineco Bank does not pay any interest on uninvested cash, so it is not an ideal broker to leave money lying around.

What are the benefits of getting interest on uninvested cash?

Earn additional money without active investing, preserving its value against inflation.
Keep cash easily accessible while generating returns.
By leaving idle cash on the account, you can save on potential withdrawal or conversion fees.
Offers a low-risk, hassle-free option compared to market investments.
Affords flexibility, providing time to plan investments without losing potential earnings.

While earning interest on your uninvested cash is great, there are a few things to keep in mind:

The advertised interest rate is annual, so you'll need to divide this by the number of months or days to understand your actual earnings. Interest is typically accumulated daily but paid monthly.
You may need to pay tax on the interest you earn. The tax typically depends on your country of residency, and is not deducted by the broker. It is your responsibility to report and pay the taxes.
In most cases, there's little reason to worry about safety when keeping cash in your broker account. In the US, for example, cash holdings are insured up to $250,000.
Be on the lookout for any special conditions the broker may set in order to pay interest, such as a minimum balance requirement.
If you maintain a broker account solely for the purpose of earning interest on your cash, choose a broker that doesn't charge an inactivity fee or regular account fee.

Find the best brokers for earning interest on your uninvested cash

Does your broker not offer any interest on idle cash? Or do you want to check whether its interest rates are competitive with the rest of the market?

Check our toplist of the best brokers for cash interest to find brokers with the most attractive rates.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Cash interest rate at Fineco Bank

Does Fineco Bank pay interest on uninvested cash as of December 2024?

You cannot earn any interest on cash at Fineco Bank

Find the best brokers for earning interest on your uninvested cash

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