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Cash interest rate at TradeStation Global

Your expert
Gyula L.
Fact checked by
Tamás D.
Updated
Feb 2024
Personally tested Personally tested
Data-driven Data-driven
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Does TradeStation Global pay interest on uninvested cash as of February 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, TradeStation Global 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 TradeStation Global
Gyula
Gyula Lencsés, CFA
Stock Market Maestro | Stock Market • Investment • 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 TradeStation Global:

  • TradeStation Global offers no interest on your uninvested funds.
  • Check the best brokers for cash interest to find brokers that offer the most attractive rates.
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You cannot earn any interest on cash at TradeStation Global

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.

TradeStation Global 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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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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