Webull Cash Interest Rates
Webull now has an FDIC-insured cash program that pays a very high rate of interest on uninvested cash.
Right now, the APY is an impressive 4.1% APY.
In all probability, that rate is quite a bit higher than what the brick-and-mortar bank down the street
is paying.
Previously, Webull operated an SIPC-insured cash account that did not use any program banks. That system
has been retired, and Webull now offers only the FDIC-sweep system.
Webull Premium subscribers earn 4.1% APY
on uninvested cash in individual and joint cash accounts (with no minimum balance). Non-subscribers
earn 3.75% 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).
In addition to the great rate, Webull charges no recurring fees for its FDIC-insured cash-management
program. There are no low-balance or monthly charges, for example. There is also no minimum deposit
required to open the cash account.
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Webull Cash Sweep
Customers who signed up for the old SIPC program but did not enroll in the new FDIC-sweep program will need to sign up again under the new terms and conditions. Clients who have never signed up for either will need to enroll for the FDIC-sweep program; it is turned off by default.
To sign up for the FDIC-sweep program, simply log into the mobile app (Webull’s other platforms can’t be used for this) and tap on the main logo with the bull’s horns in the center of the bottom menu. On the next page, there is a button to activate the new cash program. Tap on this tile and follow the on-screen prompts. There’s a great deal of digital paperwork to skim over, and you’ll need to sign at the end using your signature (the app has a screen for this). A new account is not created, though.
Not all brokerage accounts at Webull are eligible for the FDIC-sweep program. If you are not able to sign up for any reason, reach out to Webull’s customer-service team to request enrollment. Individual Retirement Accounts and regular taxable accounts are both eligible, generally speaking.
Each brokerage account can use up to 4 program banks, which means there is a maximum protection of
$1 million in FDIC insurance. If an account has more than this amount of uninvested cash, the excess
will remain in the Webull account where it will be subject to SIPC insurance and limits. Currently,
there is a $250,000 SIPC limit on idle 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 for trading the following
business day. In order for any cash to earn interest in Webull’s program, it must be settled cash.
Webull Bank Sweep
Webull uses several banks as its sweep partners. Currently, the list includes:
- Legacy Bank & Trust
- Webster Bank
- Keystone Bank
- First State Bank
- Preferred Bank
Pre-existing deposits held at any of Webull’s partner banks will reduce the maximum amount of FDIC
insurance through the sweep program.
Webull permits unlimited withdrawals of cash from a brokerage account that is signed up for the FDIC
sweep, so it can be used essentially as a spend or checking account. There are no checks or debit cards
with the service, however.
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Updated on 7/1/2025.

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.
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