(Keep in mind that interest rates change.)–1% Deposit Boost: For those who like to keep cash on hand, Robinhood offers a 1% boost on your deposits. To cover the $75 annual cost of Gold with this alone, you’d need to deposit $7,500 each year....
Get 4% interest on your cash Earn 4% AER on the uninvested cash in your account. We pay interest on every dollar—and your cash is safely protected by FDIC deposit insurance for up to $2.5M. Interest rate subject to change. Start earning 4% AER ...
What is a good interest rate? There is no firm definition of a "good" interest rate. In general, lenders want the highest possible rate, while borrowers want the lowest. The rate you can get will depend on a number of factors, including your creditworthiness and market rates. If you’re...
Robinhood’s margin interest rate is calculated by adding the Federal Funds Target Rate upper bound and an interest rate, which varies depending on your settled margin account balance, resulting in the rates shown in the table above. Note Interest is calculated daily at the end of the day base...
On the other hand, financing means you don’t have to part with all of your money upfront. If the interest rate for the loan is low, you could come out ahead by financing. For example, if you finance a new car at a 3% interest rate and invest the cash you would have paid with,...
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.
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, ...
While the broker does not charge trading commissions, it may generate revenue through other means, such as interest on uninvested cash balances and premium subscription services like Robinhood Gold. Robinhood Commission is ranked good with an overall rating of 8.5 out of 10 based on our testing ...
Robinhood’s platform has received focus in other areas, as well. Cash management enhancements such as providing a higher interest rate on uninvested cash for its premium Gold members, as well as a cash card product, have helped to round out the platform and draw in more clients. As recentl...
Net interest revenues rose 119% to $929 million in the year ending Dec. 31, 2023, making up 49.8% of Robinhood's total revenue. The bulk of the growth came from interest on corporate cash and investments, all due to the increased rate environment driven by the Fed.84 ...