Update 10/6/24: This targeted offer is back with 4.25% (base) + 3.0% bonus for 180 days when you deposit $50k-$99,999 (ht B2)
Contents
The Offer
Direct Link to offer (keep in mind this might be a targeted offer)
- Deposit new funds into your WeBull cash account between 7/10/24 – 8/9/24 and receive a bonus 3% APY for 180 days.
You need a new deposit of more than $50,000 to get the 3% bonus. Deposits of between $25,000 and $50,000 will get a 2.5% bonus.
Our Verdict
The regular interest rate on WeBull Cash Account is currently 5% APY; with this boost it’ll be 8% APY. The boost is only for new funds added to your WeBull Cash Account. I’m not sure if this offer is targeted or was sent out to all WeBull Cash Account users. Whoever is eligible for this offer will find it very interesting for parking their cash when comparing it to other high yield savings accounts. Let us know if I’m missing any of the details here.
Updates:
- Readers note that you’ll want to transfer in the funds as close as possible to August 9th since the bonus 3% boost only begins on August 16th.
- Readers note that this should be able to stack with the 2% ACAT transfer bonus by ACATing in $50k+ before the end of July, leaving the cash there for like 6.5 months, and then you can invest the money or just leave it in cash, if you’d like, until the 2 years are up.
Hat tip to readers Robert and JD and Nathan
For those who got the offer, did you have any funds in your cash or margin acct? Any dp on your last activity (open positions, last activity)? Thanks.
I have a whopping $14 in my unused brokerage and $6.00 “invested”. LOL. I’ve had it for a couple of years and forgot about it. Glad I checked to see if I had an offer and I did!
Where is the 3% interest booster button that I have to activate?
I just found the booster button appeared under the reward and activated.
Yup and if you are just doing the promotion now you have to wait until the promo is over and a few days later the reward will be posted into your account to activate.
there is also a lower tier for 2.5% bonus (6.75 total) with $25k to 50k. of course the base rate is subject to change…
not seeing on the main website so may be targeted.
To be clear, you are not earning a lower rate than the rest of us. We are all receiving the base rate of 4.25% now. You are fortunate that they didn’t lower the 3% bonus yet.
Its not a lower rate. Everyone got lowered from 5% to 4.25%. They didn’t bother to update the banner to reflect the current rate.
dang, going down to 4.25% on 10/1/24 for the base rate
Yeah can’t be too upset with the * on the offer saying the rate can change plus the rates going down everywhere. Bur definitely a bummer for sure.
Just moved $50K over to the account for the promotion right before seeing the email. Oh well I guess I will enjoy the 7.25% for now.
New Deposit & Earn an Extra APY Booster​ offer via email and in the app.
Get Up to $1500 in Cash Bonus with extra APY 3%.
Duration: 9/4/2024 – 9/30/2024
Don’t forget to “Claim your Bonus APY on October 5, 2024 once the campaign has expired.”
Is it possible to more than one of these at one time?
I don’t think so. The language on my APY Booster Card reads: “Only one APY Booster card can be used at a time. If another card is activated while an existing card has not expired, the first card will immediately expire. The order of APY booster Card used is determined by the activation period.”
Deposited $100k.
Forgot to claim the bonus on August 16.
So angry at myself!
Customer service told me there is a 20-day window to claim the bonus after it becomes available. Maybe contact the customer service to see if they can manually apply it for you
The 3% APY booster showed up today under “My rewards” ->”To be claimed”, and it says “Valid for 180 days. Boost expires on 09/25/2024”.
I suppose it means the 3% APY doesn’t need to be claimed immediately but can be claimed until 09/25/2024 and the extra 3% APY is valid for 180 days from the claim date?
I’m confused.
I already claimed it once on August 16. Do we need to “claim” it again?
No, I think you enrolled in an earlier round of promotion, the one I enrolled in had a funding period ending 08/31 and the APY booster just becomes available today
thank you so much! this app is confusing sometimes.. wasn’t sure whether I was missing something.. thanks!
“Claim your Bonus APY on September 6, 2024 once the campaign has expired. ” Do we need to click on some button to claim the bonus on 09/06/24?
yes
Thanks. I’ll put it on my calendar then. So easy to forget! I hope the button will remain there for a few days but not only on 09/06/24.
I wondered the same thing. However,
Jay confirmed that the button is available for at least 4 days after the date in the comment below.
https://www.doctorofcredit.com/targeted-webull-cash-account-8-apy-for-180-days/#comment-1896348
did anyone get their transfer fees reimbursed by webull automatically or do we need to contact them?
Renewed offer is popping up for all of my peeps. Planning on doing it for all 4 people and claiming the APY boost on Sept 6