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Banks and rate

1. Participating Program Banks:

Bank United

Cadence Bank

East West Bank

Preferred Bank

Webster Bank

2. Interest Rate:


Only valid for US residents with a valid SSN who are at least 18 years old.

Must also be enrolled in the cash sweep program and have a cash balance available to earn interest.

Interest Rate*

Current customers of Moomoo Financial Inc. ("MFI") who HAVE made a deposit before November 3, 2023, 00:00 AM ET but have not met certain conditions to access the higher rate**.


New customers of MFI who have not made a deposit before November 3, 2023, 00:00 AM ET.


Other qualified existing customers of MFI that met certain conditions**

*The APY might change at any time at the partner banks' or moomoo Financial Inc.’s discretion.

**Existing user brokerage accounts must refer a friend to deposit $100+ OR deposit $500 themselves to access the higher rate (If conditions are not met, rate is 0.03%).

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 Annual Percentage Yield (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.

When the uninvested cash in your brokerage account is swept to deposit accounts at program banks, it becomes eligible for FDIC insurance up to $1 million or $250,000 per program bank, inclusive of any other deposits you may already hold at the bank in the same ownership capacity, which may impact how much is covered. You are responsible for monitoring the total amount of deposits that you have with each Program Bank, in order to determine the extent of FDIC deposit insurance coverage available to you. MFI is not responsible for any insured or uninsured portion of the Deposit Accounts or any other deposits at the program banks.

Please note that until funds are swept to a program bank, they are held in your brokerage account which is protected by SIPC. Once funds are swept, they are no longer held in your brokerage account and are not protected by SIPC. However, these funds are eligible for FDIC insurance through the Program Banks subject to FDIC insurance coverage limits.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.