moomoo Offering 8.1% APY On Your Univested Cash


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When it comes to building wealth, locking in a high rate of return is appealing. In general, savers and investors have to take on a higher level of risk in order to unlock potentially higher returns. But with moomoo’s current offer, you can earn up to 8.1% Annual Percentage Yield (APY) on your uninvested cash.

That’s better than you can earn on almost every savings account product out there currently! In partnership with moomoo, let’s take a closer look at the offer details and see how you can take advantage of this offer.

Open an account at moomoo and get started >>

Earn Up To 8.1% APY

moomoo is offering up to 8.1%* APY for new users enrolled in their Cash Sweep Program who deposit cash and leave it uninvested within their accounts. You must open your first moomoo account by July 31, 2024 to take advantage!

As of writing, the 8.1% APY promotion combines a 5.1% APY tied to the Cash Sweep account with a coupon for a 3% APY booster rate. Once activated, the booster rate is only available for up to three months. So, if you sign up for this promo, you could get up to three months of the boosted rate. 

While there is no minimum deposit threshold, moomoo is capping the maximum deposit amount at $20,000 to earn the promotional rate. With that, you can earn up to 8.1% on $20,000. Beyond $20,000 you’d default back to the 5.1% APY, which is still a solid interest rate.

Open an account here >>

Do You Qualify For The 8.1% APY Offer?

Remember, this offer is only for new moomoo users. If you have never made a moomoo deposit before, you might qualify for this offer. Here’s what else you’ll need:   

  • You must open a brokerage account with moomoo.
  • You must opt into the Cash Sweep Program.
  • You must have a valid Social Security Number.
  • You must be a U.S. resident who is at least 18 years old.

The Cash Sweep program allows you to earn interest on the uninvested cash in your brokerage account. Since the funds are swept into an FDIC-insured institution, the funds in the Cash Sweep program are insured for up to $1,000,000 through the partner banks.

Open a Cash Sweep at moomoo here >>

When Do You Get The Funds? 

If you qualify for the 8.1% APY promotional offer from moomoo, you can expect the interest to accrue daily. Although the interest accrues daily, it will be paid to your account on a monthly basis.

How To Access The Funds

If you have funds in the moomoo Cash Sweep program, you can access the money at any time. You can choose to either withdraw the funds or invest them without restrictions. 

moomoo is a trading platform for investors looking to trade stocks, options, ETFs, and more. The company’s full name is Moomoo Financial Inc., which is a subsidiary of Futu Holdings Ltd. A hallmark of moomoo is that traders within the United States can easily access other trading markets. Plus, the app gives you access to trading for a full 16 hours each day.

If you are just getting started with trading, you can do a practice run with moomoo’s paper trading. When you sign up for real, you have a chance to get up to 15 free stocks** to jumpstart your portfolio. 

The Bottom Line

If you are interested in working with moomoo, the current promotional offer makes this the right time to give it a try. You can tap into a top-tier APY while testing out the platform. 

Make sure you hurry, the promotional rate won’t last. Open a moomoo account here and get started >>


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