XTB, a prominent and publicly traded broker, will start paying interest on uninvested cash balances. There is no minimum or maximum balance required to earn interest.
Key Takeaways
- XTB will pay out up to 5% interest on unutilized deposits.
- Accounts can start earning interest from 6 November 2023.
- Interest is calculated daily and paid out monthly within 5 days of the following month.
- The offer is available to new and existing clients.
Tiered Interest On Unused Cash Balances
The rate of interest will depend on the trader’s account balance and currency:
| AUM | USD | GBP | EUR |
|---|---|---|---|
| 30K+ | 5% | 4.9% | 3.8% |
| <30K | 2.5% | 2.5% | 2% |
XTB will deduct any taxes from monthly payments and send them directly to the respective authority. Clients can check the tax deducted in their monthly statement.
About XTB
XTB is a popular broker with over 780,000 clients and authorization from trusted regulators, including the FCA, CySEC and DFSA.
More than 5,800 instruments are available on the xStation platform, from stocks and indices to currencies and commodities.
The web platform has been designed with beginners in mind. Alongside fast execution speeds with no requotes, it offers interactive charting, stock screeners, heatmaps and video tutorials.
There is no fee to open an XTB account and the broker accepts bank cards, wire transfers and popular e-wallets, including PayPal.
