Moomoo 5.1% Cash Sweep Question
moomoo tells me the cash sweep can let my uninvested cash earn up to 5.1% apy.
Is this actually a good deal?
Anyone have any experience on this program? Is it safe? I would like to get your advice.![]()
Thanks.
The program link:moomoo.com/comm...
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MNTradez : It works fine. No worries or complaints. Interest is accrued on idle funds, but nothing is locked up so you can still use some or all of your funds to trade with and the interest is automatically adjusted. Recommended.
BrandonnWOP MNTradez: Very nice and comprehensive answer. Thanks MHTradez！Another question: Are u actually getting the 5.1% interest rate? How long does it take to earn the interest? Look forward to your reply.
Rebecca Augustine : Hi, Brandon. Moomoo's Cash Sweep is an excellent program for investors looking to earn additional interest, and I've successfully enrolled and am now enjoying the interest that accrues daily. Plus, there are extra referral rewards on offer, which I find to be a very worthwhile deal. Here's the link for the referral rewards: Moomoo Ambassador Recruiting - one-stop investment platform powered by FUTU. I hope this information is helpful to you.
bay78bay : Thank you, yes, come on with it. Great ideas keep rolling out of team moomoo.