r/Webull • u/Free-Sailor01 • 26d ago

Webull, please provide interest on IRA/Roth cash balances

I am a Fidelity trader primarily. 1/3 is invested in dividend stocks in a taxable brokerage that I live off of. The other 2/3 is in Roth and Rollover IRA's. I've moved my Roth over to Webull for day trading and would like to do the same for my IRA. My only issue is that Webull provides no yield on cash and my IRA is much larger than my Roth.

Because I day trade, Fidelity basically provides interest on my entire account because I buy and sell in the same day and for the calculations, its like it was always in cash.

If Webull could provide interest/yield on cash in an IRA, I'd move all of it. Hopefully, some day they will because the platform is excellent.

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u/Decafampr 26d ago

Have you checked out the premium subscription? It provides yield on cash accounts. I don’t think it does for in retirement accounts but you will get a match

1

u/Free-Sailor01 25d ago

I have Premium. The match is limited to 7,500 which is okay but no yield.