Moomoo Financial Inc. has launched an enticing promotional offer for new users, featuring an 8.1% annual percentage yield (APY) on uninvested cash for a limited time. This promotional rate, which includes a 4.75% temporary booster on top of a base rate of 3.35% APY, is available to those who have never made a deposit or transfer before January 1, 2026. Existing users must meet specific criteria to qualify for similar rates, otherwise, they will earn a mere 0.03% APY.
This initiative is significant as it enhances Moomoo’s competitive edge in the brokerage space, particularly appealing to cash-rich investors looking for higher yields on uninvested funds. The cash sweep program allows users to earn interest on funds swept to FDIC-insured banks, a feature that could attract more clients seeking safety and yield in a low-interest-rate environment.
Market professionals should note that this promotional offer could lead to increased account openings and inflows for Moomoo, potentially impacting market dynamics in the brokerage sector as firms compete for client deposits.
Source: moomoo.com