Cash is the physical currency that people use to make transactions every day. Cash includes coins and bills but also consists of the money in your bank account that you access by swiping your debit card at a store. For businesses, cash is any money that they have on hand to pay for exp...
New customers need to sign up, get approved, and link their bank account. The cash value of the stock rewards may not be withdrawn for 30 days after the reward is claimed. Stock rewards not claimed within 60 days may expire. See full terms and conditions at rbnhd.co/freestock. Securitie...
–4.5% APY on Uninvested Cash: Robinhood Gold lets you earn 4.5% interest on cash sitting in your brokerage account. To cover the $6.99 monthly fee, you’d need to keep around $1,667 in uninvested cash. (Keep in mind that interest rates change.)...
Gold account price will vary depending on which tier you select. You will pay a flat monthly fee based on margin. It’s worth noting trading on margin can be risky. In fact, you may lose more than your initial investment. Cash account –The cash account enables you to place commission-...
The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Ma...
High-Yield Cash Disclosures Get started *The national average savings account interest rate is based on data from the FDIC as of Nov 18, 2024. Robinhood is not an FDIC-insured bank. Deposit insurance covers the failure of an insured bank. Other products shown are not insured by the FDIC, ...
Cash and cash equivalentstotaled $4.6 billion compared with $4.9 billion at the end of Q3 2023. Share repurchaseswere $97 million, representing 5.0 million shares of our Class A common stock at an average price per share of $19.42.
Interest is earned on uninvested cash swept from your investing account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of Dec 27, 2024, the APY for Gold members is 4%. The APY might change at any time at the program banks' discre...
Robinhood also makes money by investing users' cash deposits at a higher interest rate, margin lending, stock lending, its Gold subscription suite of services, and through a crypto business. The company also launched its first credit card in 2024, which will also bring in revenue.23 ...
Robinhood’s margin rate is 6.75% up to $50,000, dropping to 6% over $1 million.16Gold subscribers get $1,000 in margin at no interest as part of the $5 per month subscription, which also unlocks a higher rate of interest on uninvested cash.17E*TRADE’s margin rates are much highe...