Online trading company Webull has increased its dual neobroker/neobank offering in the UK, with Webull UK announcing the launch of Webull Savings, an offering that gives users access to a savings account marketplace and the ability to quickly move funds between trading accounts and banks.
Webull Savings provides UK users with a single platform for both investing and trading, allowing easy diversification of funds. Through a single Webull account, customers can compare rates and deposit money into a convenient bank account of their choice and have the option to seamlessly move money between accounts and allocate assets between banks.
Nick Saunders, Managing Director of Webull UK said,
“Our top priority at Webull is to enable our clients to make informed investment decisions with the help of technology. The ability to compare savings accounts and diversify cash balances will help Webbull users make the most of their assets. Our customers can keep their money in regulated bank accounts and earn interest, ready for investment or as part of a diverse portfolio.”
Webull UK said this offering provides users with a safe and risk-averse way to invest and save, removing the hassle of opening multiple bank accounts.
Webull is controlled by Chinese businessman and former Alibaba executive Wang Anquan.