DEGIRO offers a very attractive rate over negative cash balances if the amounts are allocated. By allocating you are allowing us to timely budget these funds externally, resulting in this lower rate.
It is possible to allocate online in the Web Trader.
Step 1: Click on blue button “Adjust” at the navigation bar in the Web Trader.
Step 2: Go to the tab Settings
Step 3: Select "Allocation"
Step 4: Choose the option '' Add new allocation '' select the currency, enter amount and press the green button.
You will see the following message:
The allocation will start at the first day of the following month. During the month you are able to change your allocation. The last allocated amount will become your '' current allocation” after 23.59.59 hours on the last day of the month.
If you wish to terminate your allocation, you must allocate zero at corresponding currency by pressing the trash button. Your allocation will then be changed to a new allocation of 0. Changing the allocated amount can be done in the same way.
Be aware that allocation only provides a low interest rate for the corresponding amount and is not an approval for a negative balance of this amount. Our margin model calculates the maximum allowed negative balance based on the positions in portfolio.