Betterment, a premier robo-advisor founded in 2010, has more than a million customers, making it one of the largest standalone automated investment platforms. The platform offers intuitive portfolio management, thrilling user experience, and enticing high-yield cash accounts with up to 3.25% APY through associated banks.
Webull, although marketing itself as a discount broker, offers a wide range of tradable assets. Its cash management feature for premium members provides a 3.60% APY-among the highest in the industry. Though there are some limitations-like a lack of fixed income and mutual funds-the platform continues to engage users with an easy account setup, robust trading tools, and excellent mobile trading capabilities.
Founded in 2008, Wealthfront is considered one of the most technologically superior digital wealth management platforms, serving over a million users. The platform’s high-yield cash account promises a 3.30% APY, surging up to 3.95% if a user refers to a friend.
Robinhood, known for disrupting the online brokerage industry in 2013 with its zero-commission trades offering, continues to grow. Robinhood's premium Gold cash account provides a competitive 3.25% interest while offering modern trading tools and AI investing features.
Moomoo, a subsidiary of Futu Holdings, caters to the contemporary investor offering a highly advantageous APY of 3.35% with its cash management account. With high-tech analytical tools available, moomoo makes radiantly professional-grade trading options accessible to both the amateur and experienced.
Public.com, a recent entrant to the scene, has made its mark with rebates on option trades and not asking for payment for order flow on stock and ETF trades. The platform's high-yield cash account offers an attractive 3.30% interest, making it appealing for those seeking to earn more on idle money.
It's important to remember that interest rates are always subject to change and individual experiences may vary. But carefully considering the interest rates offered on uninvested cash by these platforms, along with the other features they provide, can help investors maximize their returns.