Digital investing platform Webull has introduced Webull Savings, a new service that enables users to access a marketplace of savings accounts and facilitates quick fund transfers between trading accounts and banks.
With a single Webull account, customers can compare interest rates and deposit money into their preferred bank account. They also have the flexibility to move funds seamlessly between accounts and diversify their assets across different banks.
“Our top priority at Webull is to empower our clients to make informed investment decisions through technology,” says Nick Saunders, CEO of Webull UK. “The ability to compare savings accounts and diversify cash holdings will help Webull users optimize their assets. Our clients can keep their money in regulated bank accounts, earn interest, and have it ready for investment or as part of a diverse portfolio.”
Founded in the US in 2018, Webull has expanded its reach to the Asia Pacific, Europe, and Latin America, boasting 20 million registered users and approximately $370 billion in equity notional volumes.