Webull UK Expands with Savings and Investment Services

Webull UK has introduced a new feature called Webull Savings. This feature combines savings and investment options into one platform. With Webull Savings, users can now manage their money and earn from their savings all in one place, without needing multiple bank accounts.

Features and Benefits

The official statement says that with a single Webull account, customers can compare interest rates, deposit money into different bank accounts, and transfer funds between trading and banking. This integration makes it easier to diversify assets and helps users get the most out of their investments.

CEO’s Comment

Nick Saunders, CEO of Webull UK, said: “At Webull, our main goal is to help clients make smart investment choices using technology. Our new feature lets users compare savings accounts and manage their cash holdings better. Clients can keep their money in regulated bank accounts, earn interest, and have it ready for investment or as part of a diverse portfolio.”

He added that the new platform lets users spread their funds across different bank accounts to reduce risk and keep their savings safe. Users can also compare interest rates and pick the savings accounts that fit their needs best.

Related Developments

In May, Webull launched a new version of its trading app called Webull Lite. This app offers the same tools and educational resources as the regular Webull app. It lets users invest, save, plan goals, and customize settings.

In March, Webull Canada introduced a cash management feature. This feature lets clients earn 4% interest on Canadian dollars and 3% interest on US dollars for cash that isn’t invested. Webull said this new feature meets the growing demand for investment platforms that offer more than just basic trading.

Additional Services

The digital investment giant has also started offering futures and commodities trading on its platform. This move aims to give the online retail trading platform’s clients a chance to diversify their investment portfolios. In addition to enhancing their services with futures as well as commodity trading, Webull keeps up with the times and changes towards satisfying its customers’ requirements.

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