Breaking News
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
- Instant Payments and the Proliferation of QR-Driven Transactions Read more
- Sustainable Growth and Building Strategic Capability in Digital Transformation Read more
- Sygnum Completes First Live AI-Agent Driven Digital Asset Transactions by a Regulated Swiss Bank Read more
- CMC Markets Launches Spectre Trading Account for Retail Clients Read more
- Ingenico and Arrive Partner to Power Seamless Payments for On‑Street Parking and Urban Transport Worldwide Read more


