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Thursday, March 7, 2024

moomoo Providing 8.1% APY On Your Money

With regards to constructing wealth, locking in a excessive fee of return is interesting. Normally, savers and buyers must tackle the next degree of danger so as to unlock probably larger returns. However with moomoo’s present provide, you possibly can earn as much as 8.1% Annual Share Yield (APY) in your uninvested money.

That’s higher than you possibly can earn on nearly each financial savings account product on the market at the moment! In partnership with moomoo, let’s take a better have a look at the provide particulars and see how one can make the most of this provide.

Open an account at moomoo and get began >>

Earn Up To eight.1% APY

moomoo is providing as much as 8.1%* APY for brand new customers enrolled of their Money Sweep Program who deposit money and depart it uninvested inside their accounts.

As of writing, the 8.1% APY promotion combines a 5.1% APY tied to the Money Sweep account with a coupon for a 3% APY booster fee. As soon as activated, the booster fee is barely obtainable for as much as three months. So, for those who join this promo, you can rise up to a few months of the boosted fee. 

Whereas there isn’t a minimal deposit threshold, moomoo is capping the utmost deposit quantity at $20,000 to earn the promotional fee. With that, you possibly can earn as much as 8.1% on $20,000. Past $20,000 you’d default again to the 5.1% APY, which remains to be a strong rate of interest.

Open an account right here >>

Do You Qualify For The 8.1% APY Supply?

Keep in mind, this provide is just for new moomoo customers. In case you have by no means made a moomoo deposit earlier than, you may qualify for this provide. Right here’s what else you may want:   

  • You have to open a brokerage account with moomoo.
  • You have to choose into the Money Sweep Program.
  • You have to have a legitimate Social Safety Quantity.
  • You should be a U.S. resident who’s at the very least 18 years outdated.

The Money Sweep program lets you earn curiosity on the uninvested money in your brokerage account. Because the funds are swept into an FDIC-insured establishment, the funds within the Money Sweep program are insured for as much as $1,000,000 by way of the accomplice banks.

Open a Money Sweep at moomoo right here >>

When Do You Get The Funds? 

For those who qualify for the 8.1% APY promotional provide from moomoo, you possibly can anticipate the curiosity to accrue day by day. Though the curiosity accrues day by day, it will likely be paid to your account on a month-to-month foundation.

How To Entry The Funds

In case you have funds within the moomoo Money Sweep program, you possibly can entry the cash at any time. You may select to both withdraw the funds or make investments them with out restrictions. 

moomoo is a buying and selling platform for buyers trying to commerce shares, choices, ETFs, and extra. The corporate’s full identify is Moomoo Monetary Inc., which is a subsidiary of Futu Holdings Ltd. A trademark of moomoo is that merchants inside the US can simply entry different buying and selling markets. Plus, the app provides you entry to buying and selling for a full 16 hours every day.

If you’re simply getting began with buying and selling, you are able to do a follow run with moomoo’s paper buying and selling. Whenever you join actual, you have got an opportunity to rise up to fifteen free shares** to jumpstart your portfolio. 

The Backside Line

If you’re interested by working with moomoo, the present promotional provide makes this the appropriate time to provide it a attempt. You may faucet right into a top-tier APY whereas testing out the platform. 

Be sure to hurry, the promotional fee received’t final. Open a moomoo account right here and get began >>

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