How can ordinary individuals confront the surge in inflation?
Views 4755 Contents 63
Enjoy 5.1% APY With Moomoo Cash Sweep, Earn Money While You Sleep
Ready to let your uninvested money work for you? With market fluctuations, having some liquid assets may be a move to consider—and we've got exciting news for you!
By joining the Moomoo Cash Sweep Program, you can earn a remarkable 5.1% APY on those funds.
Interested? Let's dive in!
What's Moomoo Cash Sweep？
It's a cash management feature of the brokerage account from Moomoo Financial Inc. ("MFI"). When you enroll, your uninvested cash is automatically swept into FDIC-insured partner banks, where it can start to earn interest.
The Benefits of Moomoo Cash Sweep (and some limitations to be aware of)
Competitive Rates, $0 Fees Charged To You
Enjoy an attractive 5.1% APY* on idle funds with the Moomoo Cash Sweep Program, potentially boosting your portfolio's growth.
*The APY might change at any time at the partner banks' or Moomoo Financial Inc.’s discretion. Program banks pay interest on your swept cash, minus any fees paid to MFI. The amount of the fee will affect the interest rate paid.
Swept funds are FDIC-insured up to $1 million across all partner banks, or $250,000 for each, offering peace of mind.
*Note: This includes any other deposits you hold at the bank in the same ownership categories, affecting the insured amount. Please be sure to monitor the total amount of deposits that you have with each Program Bank. Any amount over the FDIC coverage limits are not insured.
There's neither a minimum account balance required nor upper limit. You can withdraw or invest your funds at any time.
When participating in the Moomoo Cash Sweep Program, the swept funds at the banks will still count to the buying power of your brokerage account.
How to Join?
Limited-Time New Customer Offer
Starting today, make your FIRST deposit on Moomoo and you can enjoy the 5.1% APY for uninvested cash.
For Existing Customers
Already made a deposit? You're still in for a treat!
Easily access Moomoo Cash Sweep by joining one of the promotions below:
(1) Referral Bonus
Share your unique referral link and enjoy 5.1% APY on idle cash: Just have a friend sign up via your link, open a moomoo account, and deposit a minimum of $100 during the promotion.
(2) Deposit Incentive
Transfer $500 or more into the brokerage account and will be granted access to the promotional APY rate!
Will you join Moomoo Cash Sweep to take advantage of this new rate for uninvested cash? Share your thoughts in comments.
Moreover, if you have any questions or suggestions regarding the program, please also feel free to comment.
Our team values your opinions. We will gift 88 points to users who write comments of more than 30 words.
Let your money grow over time even when you sleep. Moomoo Cash Sweep awaits!
The Cash Sweep Program should not be viewed as a long-term investment or savings option. The Moomoo Financial Inc. (MFI) Cash Sweep Program is a feature of your brokerage account. Interest is earned on the uninvested cash swept from your MFI brokerage account to program banks. Program banks then pay interest on your swept cash, minus any fees paid to MFI. The APY might change at any time at the program banks' or Moomoo Financial's discretion. Additionally, any fees Moomoo Financial receives may vary and is subject to change. Neither Moomoo Financial Inc. nor any of its affiliates are banks. For more information on the cash sweep program, click here. "Uninvested cash" is unrestricted cash or a free credit balance that's intended for investing that has not yet been invested or spent
This presentation is for information and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. See this link for more information. There is no guarantee or assurance that the use of any tools or data provided on the moomoo app will result in investment success or reduce investment risk.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more