Interest on surplus cash

[taxiboy]

 I was wondering if IG would pay interest on excess cash held inside a spread betting account with interest rates now higher than where they were a few months ago. 

 

 

 

[AndaIG]

Hi @taxiboy

Thanks for reaching out, at this point we do not offer interest on surplus cash in the UK. The implementation of this will largely depend on regulatory requirements. At this point it is not a requirement. 

All the best, 

Anda

[taxiboy]

7 minutes ago, AndaIG said:

Hi @taxiboy

Thanks for reaching out, at this point we do not offer interest on surplus cash in the UK. The implementation of this will largely depend on regulatory requirements. At this point it is not a requirement. 

All the best, 

Anda

Thank you Anda, i hope that changes, as that would be a game changer and I would certainly pump £50k+ cash in as a cash buffer for taking on bigger trades