Uninvested funds in a Moomoo account will initially earn 8.1% APY for the first three months (including a 4.75% incentive), then the APY will drop to 3.35%.
"4.75% of the 8.1%, it's just for the first three months, and then it drops down to 3.35% APY. But again, that's industry standard. You just get an incentive for the first three months. So, I want to remind you that if your money is just sitting in your savings account, at least if it's just sitting in this mumu account, you will at least earn 3.35%."