Not sure what his point of including IB in there was? They are very up front about pretty much everything. Not sure you can find better than benchmark-50bp on

Not sure what his point of including IB in there was? They are very up front about pretty much everything. Not sure you can find better than benchmark-50bp on cash balances and for accounts with larger balances they have a program in place to get you a little bit better. Also, its really on the account holder to manage their cash balances. Most brokers allow you to do t-bills at auction for no charge, durations are as short as 4 weeks. You can also (at higher risk) usually find a floating rate fund they handle for no commission, FLOT or FLRN or simiilar.