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Cash interest rate Rakuten Securities

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Oct 2023
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Does Rakuten Securities pay interest on uninvested cash as of October 2023?

No, Rakuten Securities doesn't pay any interest on uninvested cash, so make sure you don't leave too much cash lying around at Rakuten Securities for too long.

My key findings in a nutshell
Gyula Lencsés, CFA
Stock Market Maestro | Stock Market • Investment • Market Analysis

I've thoroughly tested Rakuten Securities services with our analyst team by opening a real-money account and these are my most important findings:

  • Rakuten Securities offers no interest on your uninvested funds
  • Interest on your cash can help preserve its value while you search for your next investment target
  • Your cash is as safe at brokers as at most banks
  • Watch out for minimum balance requirements or inactivity fees
Rakuten Securities cash yield
USD maximum cash yield
GBP maximum cash yield
EUR maximum cash yield
Inactivity fee

Data updated on October 10, 2023

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How interest on uninvested cash can benefit you

In times of inflation, it's usually not a good idea to keep too much cash lying around, whether in your bank account or broker account. Do you have uninvested cash in your broker account? You'll be delighted to hear that many brokers now pay significant interest on excess cash, so you don't necessarily need to withdraw and/or reinvest it.

Brokers have widely different interest rates and policies when it comes to uninvested cash. Some brokers pay nothing at all, but some brokers offer higher interest rates than banks. In such cases, it may be a good idea to deposit some money to your broker account even if you don't plan to immediately invest it.

If the interest paid by your broker is high enough, you'll feel less pressure to withdraw your money from your broker account after selling a stock; this way, you can avoid withdrawal or conversion fees. Also, if interest is high, you'll feel less of an urge to reinvest your cash right away; allowing you to patiently wait for the best opportunity to buy your next stocks.

When it comes to keeping cash in your broker account, you shouldn't be concerned about safety in most cases. For example, in the US, the Securities Investor Protection Corporation (SIPC) insurance scheme protects your cash holdings up to $250,000 in the case of broker bankruptcy. In addition, many brokers keep their clients' uninvested cash at reliable third-party banks, keeping it further out of harm's way.

Eager to seek out advice or improve your investment skills? Check out our overview of the most popular learning tools for long-term investors.

Things to watch when managing your cash

It's great to earn interest on uninvested cash in your broker account, but there are a couple of things to remember:

  • Some brokers require a minimum account balance from you to qualify for interest payments; this is often relatively high ($100,000 or more).
  • If you keep a broker account solely for earning interest on your excess cash, pick a broker that doesn't charge a regular account fee or an inactivity fee.

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Author of this article

Gyula Lencsés, CFA

Master of Broker Brilliance | Stock Market • Commodities • Market Analysis

With over a decade in finance, I lead content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. I open real-money accounts, execute transactions, and engage with customer services, offering firsthand assessments. Prior to BrokerChooser, I managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. My 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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