Brokers with
Options brokers with interest on cash
7 brokers pay 3.00% APY or more on uninvested cash for residents of the United States. The same facts for each: fees, approvals, countries.
Interest on uninvested cash is what the broker pays on money waiting in your account. It matters for cash-secured puts, because the cash behind each put stays in the account while the put is open. At several brokers the higher rate needs a paid plan, an opt-in or a minimum balance, so check those conditions next to the rate. 7 brokers pay 3.00% APY or more on uninvested cash for residents of the United States.
At a glance: 7 brokers, 5 at $0 per contract, 3 with $0 exercise and assignment, 4 approving naked options, 6 working with QuantWheel; median fee $0.00 per contract, lowest margin rate at $50,000 5.05%.
| Broker | QuantWheel | Exercise | Approval | 0DTE | Margin | Offers | |
|---|---|---|---|---|---|---|---|
 Alpaca | Coming | $0 per contractPartner, index and professional rates differ | Not published | Spreads | Yes | 6.25% | |
 Interactive Brokers | Sync-only | $0.65 per contract$1 minimum; additional fees | $0 | Naked | Yes | 5.38% | |
 Moomoo | Trade & Sync | $0 per contractIndex, non-retail and other fees extra | Not published | Naked | Yes | 6.80% | |
 Public | Trade & Sync | $0 per contractIndex options $0.35 plus exchange fees | Not published | Naked | Yes | 5.15% | |
 Robinhood | Sync-only | $0 per contractIndex contracts and other fees extra | $0 | Spreads | Yes | 5.05% | |
 Webull | Trade & Sync | $0 per contractOversized and index orders cost extra | Not published | Naked | Yes | 8.74% | |
 J.P. Morgan Self-Directed | $0.65 per contractCall-in orders add $25 | $0 | Covered | Not published |
The brokers one by one
What qualifies each for this page, from its fee schedule and options agreement, and the one fact that sets it apart.Alpaca$0 per contract · exercise fee not published · spreads
Alpaca opens options accounts for residents of the United States. It charges $0 per contract (Partner, index and professional rates differ). It does not publish its exercise and assignment fees. It approves up to defined-risk spreads. It trades on Web, API. QuantWheel syncs positions and trades from the account and suggests; placing orders from QuantWheel is coming soon, so today you place them at the broker.
Interest on uninvested cashUp to 3.56% APY in opt-in High-Yield Cash, as of 22 Sep 2026; non-pattern day traders only
Interactive Brokers$0.65 per contract · $0 exercise and assignment · naked
Interactive Brokers opens options accounts for residents of the United States. It charges $0.65 per contract ($1 minimum; additional fees). Exercise and assignment cost $0. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Interest on uninvested cash3.38% on USD above $10,000 (first $10,000 earns 0%); full rate needs $100,000 NAV, less below; as of 21 Sep 2026
Moomoo$0 per contract · exercise fee not published · naked
Moomoo opens options accounts for residents of the United States. It charges $0 per contract (Index, non-retail and other fees extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Interest on uninvested cashThe opt-in sweep pays 3.6% APY with Engine ($3.99 a month) for new customers or with deposit or transfer conditions, and 0.03% otherwise, as of 18 Sep 2026.
Public$0 per contract · exercise fee not published · naked
Public opens options accounts for residents of the United States. It charges $0 per contract (Index options $0.35 plus exchange fees). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Interest on uninvested cash0% in the standard account; 3.30% APY in a separate High-Yield Cash Account (3.75% with Reserve, $20 a month), as of 17 Sep 2026
Robinhood$0 per contract · $0 exercise and assignment · spreads
Robinhood opens options accounts for residents of the United States. It charges $0 per contract (Index contracts and other fees extra). Exercise and assignment cost $0. It approves up to defined-risk spreads. It trades on Web, Mobile. QuantWheel syncs positions and trades from the account and suggests; you place the orders at the broker.
Interest on uninvested cash3.6% APY with Gold ($5 a month), opt-in, as of 17 Sep 2026; no rate without Gold; IRAs excluded
Webull$0 per contract · exercise fee not published · naked
Webull opens options accounts for residents of the United States. It charges $0 per contract (Oversized and index orders cost extra). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
Interest on uninvested cash3.60% APY with Premium ($3.99 a month), opt-in, individual or joint cash accounts; lower rate without Premium, app only; no date
J.P. Morgan Self-Directed$0.65 per contract · $0 exercise and assignment · covered
J.P. Morgan Self-Directed opens options accounts for residents of the United States. It charges $0.65 per contract (Call-in orders add $25). Exercise and assignment cost $0. It approves up to covered calls and cash-secured puts. It trades on Web, Mobile. It is not connected to QuantWheel.
Interest on uninvested cashSweep rate not published; opt-in Premium Deposit ($50,000 min, no IRA/margin) 3.20% APY, 3.60% at $1M+ qualifying assets, as of 28 Sep 2026
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Every page in this folder lists the brokers that qualify, with the same facts.Related pages
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Interest on cash