Digital investment platform Webull Canada today announced the launch of a cash management solution for Canadian investors.
With the new offer, all Webull Canada customers will now earn 4% CDN interest or 3% USD interest on uninvested cash.
Amid continued volatility, Webull Canada is giving back to its users by providing a competitive price to earn money from uninvested cash at no extra cost. Interest will accrue monthly and there are no account minimums, locks or restrictions.
“Earning passive income from interest is a huge benefit for Canadian investors that is not very common in today’s market,” said Michael Constantino, CEO of Webull Securities (Canada) Limited. “Webull saw initial success with its cash management tool after launching it in the United States, and we’re excited to bring the same benefits to our Canadian customers.”