FF News Logo
Tuesday, February 03, 2026
MPE x FFNews

Robinhood launches savings account

Robinhood has announced a new savings account for its Gold Members, which will offer an interest rate of 4.65%. This move follows the recent Fed interest rate hike and comes just weeks after Apple launched its own savings account offering 4.15%.

The Robinhood savings rate is significantly higher than the national average savings rate, and eligible customers will have their uninvested brokerage account cash automatically moved into deposit accounts at a network of program banks, which are covered by FDIC insurance up to $1.5m (increasing to $2m from June 1st). Non-subscriber Robinhood accounts will still earn 1.5% interest on uninvested brokerage cash.

Robinhood aims to provide customers with confidence and security when using their products.

Companies In This Post

  1. How Google Is Helping Fintechs Navigate Regulation and Innovation Read more
  2. DataHaven on What Truly Defines a Real Insurance Technology Partner Read more
  3. Basware Appoints New Chief Marketing Officer Read more
  4. How Hiring the Right Services Can Streamline Your Business Read more
  5. International Business Event InvestPro Dubai 2026 Read more
FinovateEurope | FFNews