Interactive Brokers Creates a Groundbreaking Integrated Financial Management Account that Lowers the Cost of Investing

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR), a global electronic brokerage firm, today unveiled a powerful new integrated financial management account that lets clients borrow, spend, earn and invest all from a single account at highly competitive rates. As part of this launch, the company also rolled out a new Interactive Brokers Debit Mastercard®.

Major benefits of the integrated financial management account include ability to:

  • Borrow against your brokerage account at ultra-low rates – currently 1.41% APR to 2.66% APR
  • Earn market rate interest on idle account balances* and make extra income by lending fully paid shares
  • Spend and borrow directly against your brokerage account anywhere Debit Mastercard® is accepted worldwide with no late fees or foreign transaction charges
  • Invest in stocks, bonds, options, futures, and forex on over 120 markets at low costs
  • Take advantages of any of these benefits from one account, eliminating the inconvenience of transferring funds between accounts and avoiding late fees

* Interest is paid on balances exceeding USD 10,000.

“Interactive Brokers is lowering the cost of investing for consumers,” said Thomas Peterffy, chairman, founder and CEO Chief Executive Officer of Interactive Brokers Group. “If you want to borrow money against the securities in your account you can withdraw funds or just use your Interactive Brokers Debit Mastercard® for any expense – from a cup of coffee to a car.”

In a video Mr. Peterffy explains why people should manage their finances on the Interactive Brokers platform. Major benefits include highly competitive rates, product breadth, advanced technology and global market access.

Steven Sanders, executive vice president of marketing and product development at Interactive Brokers, said, “Our integrated financial account concept provides a level of financial management that’s long been lacking. For years, companies tried to create financial supermarkets, but failed because they didn’t use best of breed products and burdened customers with the inconvenience of transferring money back and forth between accounts,” he added. “Now everything from buying and borrowing to earning interest and investing can be done from one account at great rates.”

The Interactive Brokers Debit Mastercard® is currently available to United States residents and is subject to terms and conditions and an application review. More information on rates, fees and how to apply is available at: ibkr.com/message.

The card program is administered by Interactive Brokers LLC, the Program Manager of the Interactive Brokers Debit Mastercard. The card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. Use of the card is subject to the terms and conditions of the applicable Cardholder Agreement and fee schedule, if any.

About Interactive Brokers Group, Inc.

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 120 markets in numerous countries and currencies, from a single IB Universal AccountSM to customers worldwide. We service individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our customers with a uniquely sophisticated platform to manage their investment portfolios at the lowest cost according to Barron's Best Online Brokers review, March 20, 2017. We strive to provide our customers with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low prices, positioning them to achieve superior returns on investments.

Contacts:

Interactive Brokers Group, Inc.
Investors:
Nancy Stuebe, 203-618-4070
or
Media:
Kalen Holliday, 203-913-1369

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