Tickmill Introduces 3.5% Daily Accruing Interest on Idle Funds

• Tickmill, an online retail brokerage, has launched a new interest rate offering, allowing clients to earn up to 3.5% interest per annum on their unused funds.
• The London-based broker aims to provide additional value to its clients and enhance their overall experience.
• “We are always looking for ways to add value to our clients’ experiences and reciprocate their loyalty and trust,” said Derek Wilks, Tickmill’s Group CFO.

Tickmill, a leading online retail broker, has introduced a new interest rate offering that allows clients to earn up to 3.5% interest per year on their unused funds, providing an alternative to traditional fund management methods.

Tickmill’s New Interest Rate Offering

Tickmill’s new initiative is part of the broker’s effort to provide additional value to its clients and enhance their overall experience. Clients can now earn interest on USD, EUR, and GBP wallets, provided they meet specific eligibility criteria. The offering features attractive interest rates, daily interest accrual, and prompt monthly payments, making it an appealing option for those looking to maximize the potential of their idle capital.

Alternative to Traditional Fund Management

This new service can serve as an alternative to traditional fund management methods, offering investors a way to diversify their portfolios. Tickmill aims to integrate trading and smart fund management, providing clients with a comprehensive suite of services. This includes premium products, advanced trading tools, and customer service, allowing traders to optimize their capital efficiency.

Other Brokers Offering Cash Sweep Programs

Tickmill isn’t the only broker offering cash sweep programs, which let your uninvested cash earn interest or dividends. Interactive Brokers also offers attractive interest rates on idle capital. However, there’s a catch. The broker only pays interest on your entire uninvested cash balance if it’s over $10,000.

Conclusion

With rising interest rates, the opportunity to earn interest on idle funds can be a game-changer for investors. Tickmill’s new offering provides an attractive option for clients to earn from their unused funds while keeping them available for trading. It’s a smart move that not only provides additional value to clients but also enhances their overall trading experience.