T-Bill Interest On Your Futures Account
One of the advantages of trading futures is that you can collect interest off the money you have in your account by buying T-Bills. You have to keep track of how much you are likely to need in your account so you don’t have to break your T-Bill too soon because it costs money each time you break it.
If your account has a deficit of funds many futures brokers will allow you mail in a check to cover it so you don’t have to pay for breaking your T-Bill.
The futures broker is really not taking any risk since the money is in your T-Bill, so if your only off a couple hundred bucks then they don’t mind waiting a couple days for you to mail a check in to cover it.
I have done then a couple times and had to market move back in my direction the next day so my account had a surplus in it and didn’t even need the check I mailed in. So I was really glad I decided not to break my T-Bill.
If your account has a deficit of funds many futures brokers will allow you mail in a check to cover it so you don’t have to pay for breaking your T-Bill.
The futures broker is really not taking any risk since the money is in your T-Bill, so if your only off a couple hundred bucks then they don’t mind waiting a couple days for you to mail a check in to cover it.
I have done then a couple times and had to market move back in my direction the next day so my account had a surplus in it and didn’t even need the check I mailed in. So I was really glad I decided not to break my T-Bill.
