Well, it’s a bit of a good news for Robinhood app folks. Robinhood just released savings checking account with interest on the money you have sitting in your account balance. It’s a 3% annually.
I think it’s a good deal, since Robinhood have no fees on their stocks and bitcoin trading, and it’s been reliable.
On Thursday, December 13, 2018, 5:09:49 PM EST, Robinhood [email protected] wrote:
Checking & Savings
Welcome to the all new Robinhood, now with all the stuff you’d want from checking and savings—but way better.
GET EARLY ACCESS
Earn 3% on Your Money
You’ll earn 3% on all the money in your checking AND savings every year. That’s a free $240 every year for the average American family with $8,000 in the bank.
No Fees, No Commitments
Say goodbye to the sneaky fees big banks charge. Robinhood Checking & Savings has no minimums, no monthly fees, no overdraft fees, and no foreign fees. Fee free, for real.
Access 75,000 free ATMs
Access more free ATMs than with the 5 largest banks combined. Search for the nearest ATM in the app, or drop into your local 7-11, Target, Walgreens, or Costco. Cha-ching.
All in one app
Invest, manage your money, deposit checks, get 24/7 customer support, and more—all on the Robinhood app.
Supplies are limited. Update to the latest version of the Robinhood app to get early access.
GET EARLY ACCESS
The Robinhood Team
Please email [email protected] if you have any questions.
Getting “early access” to Robinhood Checking & Savings is defined as signing up with a valid email address for a spot in Robinhood Checking & Savings’s waitlist queue. Early access to the waitlist for Robinhood Checking & Savings should in no way be construed as confirmation that a brokerage account with Robinhood Financial has been opened or will even be approved for opening. Priority may be given to Robinhood Gold subscribers and existing customers of Robinhood Financial.
Users of Robinhood Checking & Savings earn 3% interest annually on each of their Checking & Savings balances. Robinhood does not charge account maintenance, account minimum, overdraft, ATM, transaction, foreign transaction, transfer, or card replacement fees for Robinhood Checking & Savings. Robinhood Checking & Savings is offered through Robinhood Financial LLC. Robinhood Checking & Savings is an added feature to existing Robinhood accounts and is not a separate account or a bank account. Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).
The Robinhood Debit Card is issued by Sutton Bank pursuant to a license from Mastercard International Inc. Neither Sutton Bank nor Mastercard International Inc. are members of FINRA or SIPC.
Investing without fees means that Robinhood Financial LLC receives $0 commissions on self-directed individual cash or margin brokerage accounts that trade U.S. listed securities via mobile app or online. Relevant SEC & FINRA or other fees may still apply. Please see Robinhood’s Commission and Fee Schedule at https://about.robinhood.com/legal/ to learn more.
All investments involve risk and the past performance of a security, other financial product or cryptocurrency does not guarantee future results or returns. While diversification may help spread risk, it does not assure a profit or protect against loss. You can always lose money when you invest in securities, cryptocurrencies, or other financial products. Investors should consider their investment objectives and risks carefully before investing.
Robinhood Financial LLC and Robinhood Crypto, LLC are subsidiaries of Robinhood Markets, Inc. Equities and options are offered to self-directed customers by Robinhood Financial, member of FINRA and SIPC. Cryptocurrency trading is offered through Robinhood Crypto. Cryptocurrencies are not stocks. Any information about Robinhood Crypto on any Robinhood website, platform, emails or other communications, are for informational purposes only and not intended as a solicitation or advertisement for Robinhood Crypto.
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