Does anyone here know or use Interactive Brokers? I was watching CNBC this morning and their commercial said they would lend 1 million USD for every $200,000 deposit.
I went on their website and found this.
Quote:
IB Lends USD at 1.3% Low Cost January 24, 2011
Central banks are flooding the world with cheap money and the markets haven't moved much. Interactive Brokers will lend one million US dollars at just 1.3% for every 200,000 USD in your portfolio margin account. See our high dividend scanner for the many hundreds of stocks that yield over five percent. Please note that portfolio margin accounts are only for experienced investors with USD 100,000 minimum account equity.
To find out more about Portfolio Margin, see the How Do I Upgrade to Portfolio Margin page.
*Margin rates as of 12/01/2010. Read the Portfolio Margin Risk Disclosure Statement at www.interactivebrokers.com. Dividend yields can change and stocks may lose value. You may lose more than your initial investment. Interactive Brokers LLC is a member of NYSE, FINRA, SIPC.
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