Create your very own Auto Publish News/Blog Site and Earn Passive Income in Just 4 Easy Steps
When it comes to building wealth, it is attractive to secure a high return. In general, savers and investors must take on greater risk in order to potentially achieve higher returns. But with moomoo's current offering, you can earn up to 8.1% annual percentage yield (APY) on your uninvested money.
That's more than you can currently earn with almost any savings account product! In collaboration with moomoo, let's take a closer look at the offer details and see how you can take advantage of this offer.
Open an account with moomoo and get started >>
Earn up to 8.1% APR
moomoo offers up to 8.1%* APR for new users who sign up for the Cash Sweep program and deposit cash but have not invested it in their accounts.
At the time of writing, the 8.1% APY promotion combines a 5.1% APY tied to the Cash Sweep account with a 3% APY booster rate coupon. Once activated, The booster tariff is only available for up to three months. So if you sign up for this promotion, you can use the increased tariff for up to three months.
Although there is no minimum deposit threshold, moomoo limits the maximum deposit amount to $20,000 to receive the promotional prize. This allows you to earn up to 8.1% on $20,000. Starting at $20,000, you would default to the 5.1% APR, which is still a solid rate.
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Do you qualify for the 8.1% APY offer?
Remember that this offer is only valid for new Moomoo users. If you have never made a Moomoo deposit before, you could qualify for this offer. Here's what else you need:
- You need to open a broker account with moomoo.
- You must enroll in the Cash Sweep program.
- You must have a valid social security number.
- You must be a US resident and at least 18 years old.
The Cash Sweep program allows you to earn interest on the uninvested money in your brokerage account. Because the funds are routed to an FDIC-insured institution, the funds in the Cash Sweep program are insured for up to $1,000,000 through the partner banks.
Open a cash sweep at moomoo here >>
When will you receive the funds?
If you qualify for moomoo's 8.1% APY promotional offer, you can expect interest to accrue daily. Although interest accrues daily, it is transferred to your account monthly.
How to access the funds
If you have funds in the moomoo Cash Sweep program, you can access the funds at any time. You have the choice to either withdraw the money or invest it without restrictions.
moomoo is a trading platform for investors who want to trade stocks, options, ETFs and more. The company's full name is Moomoo Financial Inc., a subsidiary of Futu Holdings Ltd. A hallmark of moomoo is that traders in the United States can easily access other trading markets. Additionally, the app gives you access to trading for a full 16 hours every day.
If you're just starting out with trading, you can do a practice run with moomoo's paper trading. When you sign up with real money, you have the chance to receive up to 15 free stocks** to give your portfolio a boost.
The conclusion
If you are interested in working with moomoo, this is the right time to try it out due to the current promotional offer. You can access a best-in-class APR when testing the platform.
Be sure to hurry, the promotional price doesn't last. Open a Moomoo account here and get started >>
Create your very own Auto Publish News/Blog Site and Earn Passive Income in Just 4 Easy Steps
