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