Webull Cash Interest Rates
Webull offers an FDIC-insured cash management program that pays interest on eligible uninvested cash.
Right now, the APY is an impressive 3.35% APY.
In all likelihood, that rate is much higher than what many traditional neighborhood banks
are paying.
Previously, Webull had a reserve interest product that did not use the current bank-sweep setup. That product
has been retired, and eligible clients now need to use Webull’s FDIC bank-sweep Cash Management program to earn interest on settled cash.
Webull Premium subscribers earn 3.35% APY
on uninvested cash in individual and joint cash accounts (with no minimum balance). Non-subscribers
earn 3% APY if their account value exceeds
$25,000, and 0.5% APY if not. Webull Premium costs
$3.99 per month (or $40 per year).
Along with the strong rate, Webull does not charge recurring fees for its FDIC-insured cash-management
program. For example, there are no monthly maintenance fees or low-balance fees. There is also no minimum deposit
required to use the cash program.
Webull Promotion
Visit Webull Website
Webull Cash Sweep
Customers who used the old reserve interest product but did not move to the newer bank-sweep product had to re-enroll under the updated Cash Management program. Clients who are not enrolled will need to activate Cash Management in order to earn interest through the FDIC-sweep program.
To enroll in the FDIC-sweep program, log into the Webull mobile app, tap Menu at the bottom right, and select Cash Mgmt from the Shortcuts area. Follow the on-screen prompts to complete enrollment. Webull says enrollment and unenrollment must be completed through the mobile app, and desktop access is not available for this step. A new brokerage account is not created, though.
Not all brokerage accounts at Webull are eligible for the FDIC-sweep program. Cash Management is available for Cash, IRA, Entity, and Joint Cash accounts, but it is not supported for Margin accounts.
Webull’s Cash Management program can spread eligible cash across multiple program banks, which means there can be up to
$5 million in FDIC insurance. If an account is not enrolled in the Cash Management program, cash remains protected under SIPC coverage only, subject to SIPC limits. Currently,
there is a $250,000 SIPC limit on cash.
Interest earned in Webull’s cash program is credited to the account on the 15th of every month
(or earlier if the 15th falls on a non-business day). The amount is available in the account balance for the following
business day. In order for cash to earn interest in Webull’s program, it must be settled cash, also known as a free credit balance.
Webull Bank Sweep
Webull uses several banks as its sweep partners. As of March 16, 2026, the list includes:
- Webster Bank
- Dayspring Bank
- Keystone Bank
- Third Coast Bank
- Legacy Bank & Trust
- NexBank
- Banc of California
- TriState (IRA)
- CitiBank
- Lake Forest Bank & Trust
- Northbrook Bank & Trust
- Cross River
- State Bank of the Lakes, N.A.
- Barrington Bank & Trust Company, N.A.
- Wheaton Bank and Trust, N.A.
- Town Bank, N.A.
- Beverly Bank & Trust Company, N.A.
- Schaumburg Bank & Trust Company. N.A.
- Crystal Lake Bank & Trust Company, N.A.
- Village Bank & Trust, N.A.
- Libertyville Bank & Trust Company, N.A.
- Hinsdale Bank and Trust Company, N.A.
- Customers Bank
Existing deposits held at any of Webull’s partner banks can reduce the maximum amount of FDIC
insurance available through the sweep program.
Webull permits withdrawals of cash from a brokerage account enrolled in the FDIC
sweep without adding a separate Cash Management withdrawal limit, although withdrawals remain subject to daily ACH transfer limits. There are no checks or debit cards
with the service, however.
Visit Webull Website
Updated on 6/2/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
|