A Month With Moneybull: Returns and Thoughts
This article is brought to you by Webull. All views expressed in the article are the independent opinions of Sethisfy.com. Investing involves risk and you should do your due diligence. Read Sethisfy.com’s editorial policy.
Time flies and it’s been a month since I placed funds in to Webull’s cash management account, Moneybull. Here’re some of the numbers and thoughts I’ve to share some 31 days later.
Returns
Moneybull uses Fullerton USD Cash Fund for money you deposit in USD and Fullerton SGD Cash Fund for Singapore dollars. I chose the SGD version since I prefer not to have forex risk for this sum of savings.
I placed S$138,647.34 on 16th October 2023 and the returns over the past 31 days are as such:
For a product that calls itself “cash management”, returns and the stability of returns are of upmost importance. In this regard, I think Fullerton SGD Cash Fund has done pretty well, delivering S$461.12 of returns over a period of a month. On my initial deposit, that’s roughly 3.86% p.a. returns and very in line with the interest rate environment we’re in.
After all, Fullerton cash funds place money into deposits with financial institutions like banks so one would expect the returns to be competitive with things like bank deposits. Fun fact: from February 2024, Fullerton cash funds will also be able to invest in things like government t-bills. A little slow to hop on government bonds, but better late than never.
I’ve mentioned previously that it was quite pleasant having the thought that one’s lunch and perhaps even dinner expenses are settled by the returns from my Moneybull money. This is because the app displays the daily returns earned which is a fun thing to check every now and then for that little dopamine hit of seeing your funds grow. No breakdown of interest over weekends, however, and returns accrued on Saturdays and Sundays are lumped together with Monday’s returns.
These are decent returns, but it is made much sweeter that I can expect thousands of dollars (in USD!) once I finish my holding period with Moneybull because of an ongoing promo (see below for more details).
Promo
New users get two incredible welcome offers. Each would be attractive enough on their own, but you can enjoy both.
The first is getting 10 free shares worth at least US$100 and could go all the way up to US$5,000 if you are lucky. The requirements are very straightforward and fuss-free: simply apply with the link below and fund any amount (yes, even a dollar works) for at least 30 days. Sign up for a Margin account if you wish to participate in the Moneybull promo.
After signing up, you can also proceed to participate in the Moneybull promo and deposit funds to enjoy up to US$2,000 of further rewards.
Webull
Bonus Rewards From SingSaver
| Requirement | Reward |
| Either: sign up and fund minimum initial of US$2,000 or S$2,741 and maintain for 30 days. | |
| OR: sign up and fund minimum initial of US$10,000 or S$13,705 and maintain for 60 days. | Choose 1: → → Dyson SSHD 15 (retailing S$599) → Bose Quiet Comfort Ultra Earbuds → |
Stacks with Webull’s Offer
Until 30th May 2025 (3.59PM)
| Cumulative Net Deposit of US$2,000 Complete 3 buy trades (US stocks, ETFs, and options) and maintain a net deposit of ≥ US$2,000 or S$2,741 until 29th June 2025, 11:59 PM SGT. | US$60 Apple Shares |
| Cumulative Net Deposit of US$10,000 Complete 5 buy trades (US stocks, ETFs, and options) and maintain a net deposit of ≥ US$10,000 or S$13,705 until 29th July 2025, 11:59 PM SGT. | US$300 Apple Shares |
| Cumulative Net Deposit of US$100,000 Complete 8 buy trades (US stocks, ETFs, and options) and maintain a net deposit of ≥ US$100,000 or S$137,043 until 29th July 2025, 11:59 PM SGT. | US$600 Apple Shares |
Get 0 platform fee, and trade fractional shares from as low as US$5 per trade. Great for dollar-cost averaging small amounts!
If you deposit or withdraw SGD, it will be converted to the equivalent USD amount at the exchange rate of S$1 = US$0.7297 to determine your deposit. E.g. S$13,704.27 = US$10,000
Refer to terms and conditions for exact requirements:
Last updated: 21st May 2025
How to participate in Moneybull promo
To participate in the Moneybull promo, follow these steps:
| Step | Remarks | |
| 1 | Open Webull app → Menu → Find promo under Promotion Center | Account must be opened |
| 2 | Tap Participate Now | Only available for new Webull users |
| 3 | Activate Moneybull | Margin account required; convert your account to Margin if you opened a cash account (takes 1-2 days) |
| 4 | Deposit at least US$3,000 (or SGD equivalent) before 30th November 2023 4PM | See below for deposit amount and rewards. Funds are auto-swept into Moneybull funds every weekday around 10AM. |
| 5 | Hold the funds until 29th February 2024 11.59PM | ⚠️ Do not make withdrawals until 1st March 2024! |
| Optional: convert funds to USD for USD fund | If you convert your funds to USD, your money will be placed in Fullerton USD with higher projected returns but subject to forex risks and currency conversion costs | |
| Optional: set retained amount to keep funds in cash | You may set any amount to be left as cash in your Webull account instead of being invested in the Fullerton cash funds (no returns, but will meet promo requirements) |
You must have a Margin account to qualify so if you did not sign up for a Margin account, you need to convert it from within the app.
There are three different deposit tiers:
| Tier | Deposit Amount | Bonus Rewards | Annualised “Returns”* |
| 1 | US$3,000 or S$4,111.28 | US$100 | 13.89% p.a. |
| 2 | US$20,000 or S$27,408.53 | US$750 | 15.73% p.a. |
| 3 | US$100,000 or S$137,042.62 | US$2,000 | 8.17% p.a. |
*assumes deposit is done 30th November 2023 and withdrawal on 1st March 2024
When all requirements are met, the rewards are credited by 5th March 2024. Note that these rewards are on top of your Moneybull returns! Just for fun, I calculated the reward amount as a return on the deposit amount, and you can get as much as 15.73% p.a. bonus return on top of the Moneybull’s performance. The promo is very generous indeed and not to be missed if you have yet to sign up for a Webull account.
Parting thoughts
With good returns from the underlying funds to a generous lump sum reward, this promo might be one of the best deals we’ve seen in 2023 – not an easy feat because there were so many great deals this year! It’s been extended once, and there’s really no telling if it will end soon so I suggest not waiting until the last minute as you might need some time to get everything up and running before the 30th November deadline.
I’ve been logging in to the Webull app a lot more since using Moneybull, and I suppose that’s the point – to get more usage from users to promote their trading platform. Moneybull’s funds can be used to invest, and that’s something I intend to explore so stay subscribed to the Telegram to get updates on such things and so you don’t miss great deals coming really soon.
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
Subscribe to the channel for free updates!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).