Digital investment platform Webull Canada today announced the launch of a cash management solution for Canadian investors.
With the new offering all Webull Canada customers will now earn 4% CDN interest or 3% USD interest on uninvested cash.
Amid ongoing volatility, Webull Canada is giving back to its users by providing a competitive rate to earn money on uninvested cash at no additional cost. Interest will be accrued monthly, and there are no account minimums, lockups or limitations.
“Earning passive income on interest is a huge benefit for Canadian investors which is not very prevalent in today’s market,” said Michael Constantino, CEO of Webull Securities (Canada) Limited. “Webull saw initial success with its cash management tool following its launch in the United States, and we are excited to bring the same benefits to our Canadian customers.”
