Does nextmarkets 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.
Good news! nextmarkets pays interest on your EUR uninvested cash. Its interest rates are above average compared to other brokers.
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 nextmarkets:
- nextmarkets offers up to 3.0% interest on EUR uninvested funds.
- This interest rate offering is above average compared to what other brokers pay on EUR.
- Be aware that special conditions may apply, such as a minimum required balance.
- Check the best brokers for cash interest to find brokers that offer the most attractive rates.
43.26% of retail CFD accounts lose money
Earn up to 3.0% on EUR at nextmarkets
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.
nextmarkets pays interest on uninvested cash: you can earn up to 3.0% on EUR.
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 EU, for example, holdings (including cash) are insured up to minimum €20,000.
- 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.
Interest rates at nextmarkets are above average
In order to have a verdict on how nextmarkets stacks up against other brokers on the market with regard to interest rates on EUR uninvested cash, we looked at several factors:
- What the interest rates are: naturally, the higher the better.
- Are there any conditions? We took two cases: the maximum interest you can earn, and the interest you can earn on €10,000. Brokers that offer interest already on low amounts, without any conditions, got a better rating.
Based on these factors, we found that nextmarkets's offering for interest on EUR uninvested cash is above average.
You can find the detailed data in the table below for EUR, as well as whether there is an inactivity fee.
|
EUR maximum cash yield
|
3.0% | 0.0% | 3.7% |
|---|---|---|---|
|
EUR cash yield in a €10k scenario
|
3.0% | 0.0% | 3.7% |
|
Inactivity fee
|
Yes
|
Yes
|
No
|
Data updated on December 4, 2024
You can also check out cash interest rates and conditions at other brokers:
'Conditions may apply': check the fine print for receiving interest
The interest you can earn on uninvested cash in your brokerage account may vary depending on different factors, so you should always check the exact conditions that apply.
The most frequent factors that usually influence the rate you will get are account type, minimum balance requirements, and account size, for example.
Below you can find all the information we have on cash interest at nextmarkets, straight from our nextmarkets review:
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.
Further reading
- Diversifying your investments
- Stock trading at nextmarkets: an expert guide and rating
- nextmarkets penny stocks trading conditions explained
- ETF trading conditions at nextmarkets explained
- nextmarkets fractional shares trading conditions explained
- Are margin interest rates low at nextmarkets?
- nextmarkets Mexican stocks trading availability
- nextmarkets US stock trading details
- nextmarkets Australian stocks trading availability
- nextmarkets Canadian stocks trading availability
- nextmarkets Japanese stocks trading availability
- nextmarkets French stocks trading availability
- nextmarkets Italian stocks trading availability
- nextmarkets Swiss stocks trading availability
- nextmarkets Hong Kong stocks trading availability
- nextmarkets Dutch stocks trading availability
- nextmarkets Spanish stocks trading availability
- nextmarkets Singapore stocks trading availability
- nextmarkets Swedish stocks trading availability
- nextmarkets Norwegian stocks trading availability
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.
