Update 10/6/24: This targeted offer is back with 4.25% (base) + 3.0% bonus for 180 days when you deposit $50k-$99,999 (ht B2)
The Offer
Direct Link to offer (keep in mind this might be a targeted offer)
Deposit new funds into your WeBull cash account between 7/10/24 – 8/9/24 and receive a bonus 3% APY for 180 days.
You need a new deposit of more than $50,000 to get the 3% bonus. Deposits of between $25,000 and $50,000 will get a 2.5% bonus.
Our Verdict
The regular interest rate on WeBull Cash Account is currently 5% APY; with this boost it’ll be 8% APY. The boost is only for new funds added to your WeBull Cash Account. I’m not sure if this offer is targeted or was sent out to all WeBull Cash Account users. Whoever is eligible for this offer will find it very interesting for parking their cash when comparing it to other high yield savings accounts. Let us know if I’m missing any of the details here.
Updates:
Readers note that you’ll want to transfer in the funds as close as possible to August 9th since the bonus 3% boost only begins on August 16th.
Readers note that this should be able to stack with the 2% ACAT transfer bonus by ACATing in $50k+ before the end of July, leaving the cash there for like 6.5 months, and then you can invest the money or just leave it in cash, if you’d like, until the 2 years are up.
Hat tip to readers Robert and JD and Nathan