eToro Interest on Balance - Up to 3.55% Annual Interest

eToro Interest on Balance pays you a yield on the idle USD cash in your trading account instead of trading rewards. Interest is calculated daily on your available (uninvested) USD balance and credited monthly, no later than the fifth business day of the following month. The headline rate of 3.55% per year is the top tier. EU, UK, Jersey, Gibraltar, Guernsey and Isle of Man clients earn 2.75% up to 50,000 USD and 3.55% above that, German clients earn 3.55% from the first dollar, and clients elsewhere step up through 0.5%, 2.25%, 3.25% and 3.55% as their balance crosses 10,000, 25,000, 50,000 and 250,000 USD. The catch is that interest is paid only on USD balances. If you fund in GBP, EUR or another currency, eToro converts it to USD (a conversion fee applies), so an unfavorable exchange-rate move can erase the interest you earn. The rate sits on your cash, not your invested positions, and eToro keeps a variable cut of the interest it earns on your funds. The feature auto-renews each quarter, and eToro can lower the rate or cancel it at its discretion. There is no minimum deposit, no trading turnover requirement and no hold period: you can withdraw your cash and paid interest at any time, though opting out forfeits interest accrued since the last payment. Eligibility is limited to verified, unrestricted real accounts held with an eToro entity (Europe, UK, Australia, Seychelles, Singapore where it is branded eToro USD Cash+, and others). You must be an existing Club Member and switch the feature on yourself in the Club Dashboard. US clients are not covered by these terms and have a separate program. You are responsible for any taxes on the interest.