{"id":23787,"date":"2023-12-07T22:00:00","date_gmt":"2023-12-07T22:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4288207_AE88207_0"},"modified":"2023-12-07T22:00:00","modified_gmt":"2023-12-07T22:00:00","slug":"webull-securities-australia-launches-moneybull-currently-offering-a-5-4-yield-on-idle-cash","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=23787","title":{"rendered":"Webull Securities Australia Launches Moneybull, Currently Offering a 5.4% Yield on Idle Cash"},"content":{"rendered":"<br \/>\n<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2278678\/Webull_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li>Australian investors can now earn ultra-competitive returns via Webull&#8217;s high-yield cash management tool, namely <a href=\"https:\/\/www.webull.com.au\/moneybull\" target=\"_blank\" rel=\"nofollow noopener\">Moneybull<\/a>.<\/li>\n<li>Moneybull has no sign-up costs, no management fees, and a minimum subscription\/redemption of <span class=\"xn-money\">US$1.00<\/span><\/li>\n<li>Cash deposited in Moneybull still retains its purchasing power within the Webull platform, allowing traders to <a href=\"https:\/\/www.webull.com.au\/\" target=\"_blank\" rel=\"nofollow noopener\">buy stocks<\/a> and &#8216;auto-sweep&#8217; funds upon settlement<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SYDNEY<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Dec. 8, 2023<\/span><\/span> \/PRNewswire\/ &#8212; Webull Securities (<span class=\"xn-location\">Australia<\/span>) Pty Ltd (&#8216;Webull Australia&#8217;), a subsidiary of Webull Corporation, the <a href=\"https:\/\/www.webull.com.au\/introduce\" target=\"_blank\" rel=\"nofollow noopener\">popular trading platform<\/a>, has today launched Moneybull in <span class=\"xn-location\">Australia<\/span>, an inbuilt cash management tool that currently allows eligible Australian users to earn a 5.4% yield on uninvested cash, with no sign-up costs, no management fees, and a minimum deposit of <span class=\"xn-money\">US$1.00<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<\/p><\/div>\n<p>Moneybull aims to empower users to earn an ultra-competitive return on US dollar deposits using a USD money market trust fund matching, and even outperforming, many popular cash products offered by traditional brokers and banks[1]. Returns will be accrued daily and paid out automatically each month.<\/p>\n<p>The tool also features an auto-sweep function, meaning users retain their purchasing power within the platform, and trades can be settled directly from fund proceeds, without the need for manual intervention.<\/p>\n<p>The auto-sweep feature can also automatically channel idle cash into the money market fund, helping to boost overall returns and grow current holdings.<\/p>\n<p><b><span class=\"xn-person\">Rob Talevski<\/span>, CEO of Webull Securities Australia<\/b>&nbsp;said, <i>&quot;Webull Australia&#8217;s new Moneybull offering is a game changer in terms of creating a broker-integrated cash product that meets or even beats many of the traditional high-yield cash accounts currently available to the Australian consumer. <\/i><\/p>\n<p><i>&quot;This is especially relevant right now, as markets struggle to find upward momentum and portfolio yields become more important. In the current higher-interest-rate environment, we felt it was the right thing to do to seek out and pass on great cash returns, while allowing traders to use that collateral to trade. This is the result we&#8217;ve managed to achieve with our new Moneybull offering. <\/i><\/p>\n<p><i>&quot;Finally, US dollar money market funds are heavily regulated, meaning client funds are managed in a safe, reliable and trusted environment, which is of critical importance to us, and continues to remain top-of-mind for our clients.&quot;<\/i><\/p>\n<p>Eligible clients will be able to activate Moneybull directly via the app (Markets Page &gt; Moneybull Tab &gt; and simply click &quot;activate&quot;). To find out more, visit the website <a href=\"https:\/\/eur03.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fprotect-eu.mimecast.com%2Fs%2FD47XCBNGPFV81koizdiN3&amp;data=05%7C01%7CAnisha.Samanta%40cognitomedia.com%7C651e0d4aadd14f5ccbb708dbf231a8a8%7C5501ec4e2fe648858a45ad4e79ee3259%7C0%7C0%7C638370067327888964%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&amp;sdata=MpiudRG%2FUKBhDPrl%2Bf8y7AKBpNto9GpG8d6kCwx0%2FRU%3D&amp;reserved=0\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.webull.com.au\/moneybull<\/a><\/p>\n<p><b><u>ENDS<\/u><\/b><\/p>\n<p><b>About Webull:<\/b><\/p>\n<p>Webull is a leading digital investment platform built on next generation global infrastructure. The Webull Group is headquartered in <span class=\"xn-location\">St. Petersburg, Florida<\/span> and backed by private equity investors located in <span class=\"xn-location\">the United States<\/span>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">Asia<\/span>. Webull serves tens of millions of users from over 180 countries, providing retail investors with&nbsp;24\/7access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options and fractional shares, through Webull&#8217;s trading platform, which is currently available in <span class=\"xn-location\">the United States<\/span>, the <span class=\"xn-location\">United Kingdom<\/span>, <span class=\"xn-location\">Hong Kong<\/span>, <span class=\"xn-location\">Singapore<\/span>, <span class=\"xn-location\">Indonesia<\/span>, <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">South Africa<\/span>, and <span class=\"xn-location\">Australia<\/span>. Webull also offers <a href=\"https:\/\/www.webull.com.au\/learn\" target=\"_blank\" rel=\"nofollow noopener\">investment education services<\/a>, with lessons covering a wide range of topics.<\/p>\n<p>[1]&nbsp;<a href=\"https:\/\/www.money.com.au\/high-interest-savings-accounts\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.money.com.au\/high-interest-savings-accounts<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian investors can now earn ultra-competitive returns via Webull&#8217;s high-yield cash management tool, namely Moneybull. Moneybull has no sign-up costs, no management fees, and a minimum subscription\/redemption of US$1.00 Cash deposited in Moneybull still retains its purchasing power within the Webull platform, allowing traders to buy stocks and &#8216;auto-sweep&#8217; funds upon settlement SYDNEY, Dec. 8, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-23787","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Webull Securities Australia Launches Moneybull, Currently Offering a 5.4% Yield on Idle Cash - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=23787\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Webull Securities Australia Launches Moneybull, Currently Offering a 5.4% Yield on Idle Cash - My Blog\" \/>\n<meta property=\"og:description\" content=\"Australian investors can now earn ultra-competitive returns via Webull&#8217;s high-yield cash management tool, namely Moneybull. Moneybull has no sign-up costs, no management fees, and a minimum subscription\/redemption of US$1.00 Cash deposited in Moneybull still retains its purchasing power within the Webull platform, allowing traders to buy stocks and &#8216;auto-sweep&#8217; funds upon settlement SYDNEY, Dec. 8, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=23787\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-07T22:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2278678\/Webull_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=23787#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=23787\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Webull Securities Australia Launches Moneybull, Currently Offering a 5.4% Yield on Idle Cash\",\"datePublished\":\"2023-12-07T22:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=23787\"},\"wordCount\":528,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=23787#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnasia.com\\\/media2\\\/2278678\\\/Webull_Logo.jpg?p=medium600\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=23787\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=23787\",\"name\":\"Webull Securities Australia Launches Moneybull, Currently Offering a 5.4% Yield on Idle Cash - 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