Interactive Brokers Launches High-Limit FDIC Sweep Program for Brokerage Accounts

Interactive Brokers now offers up to $10.25M in total cash protection through a new FDIC-insured sweep program for IBKR Pro clients.

Key Points:

• Interactive Brokers LLC launches a new Insured Bank Deposit Sweep Program providing up to $5 million in FDIC coverage for individual and institutional IBKR Pro accounts.
• Joint accounts are eligible for up to $10 million in FDIC insurance, significantly increasing cash protection beyond existing SIPC coverage.

Interactive Brokers Launches High-Limit FDIC Sweep Program for Brokerage Accounts

Interactive Brokers LLC has introduced a new Insured Bank Deposit Sweep Program for IBKR Pro clients, offering significantly enhanced protection for uninvested cash held in brokerage accounts.

Effective May 27, 2025, the program provides up to $5.0 million in Federal Deposit Insurance Corporation (FDIC) coverage for individual, IRA, and institutional accounts. Joint accounts are eligible for up to $10.0 million in FDIC coverage on free cash balances.

This protection is in addition to the existing Securities Investor Protection Corporation (SIPC) coverage, which insures up to $250,000 in cash balances per brokerage account. When combined, the total available insurance coverage reaches $5.25 million for individual accounts and $10.25 million for joint accounts.

Cash balances exceeding these limits remain subject to protection under the SEC’s Customer Protection Rule 15c3-3, which is further backed by Interactive Brokers’ equity capital.

The implementation of this program does not affect account features or trading capabilities. Clients will continue to earn competitive interest on uninvested cash, which will remain available for trading in stocks, options, futures, currencies, and bonds across over 160 global markets.

This initiative is available to IBKR Pro clients with individual and/or IRA accounts, as well as organizational accounts.

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