There the cash earns a variable yearly portion yield (APY)that may fluctuate based on market aspects like the Fed fund’s rate. Cash Management users can select from the four debit card designs that are accepted anywhere that takes Mastercard, plus 75,000 ATMs. The bigger technique is to get more users on Robinhood in hopes some will subscribe to Robinhood Gold.

To get around the$250,000 FDIC limit per bank, Robinhood is partnering with six banks that it will spread a user’s cash across as essential to bundle up to that sum. There the cash earns a variable yearly percentage yield (APY)that may fluctuate based on market aspects like the Fed fund’s rate. Cash Management users can select from the four debit card designs that are accepted anywhere that takes Mastercard, plus 75,000 ATMs. A variety of brand-new Cash Management functions are being included to the Robinhood app. The larger method is to get more users on Robinhood in hopes some will subscribe to Robinhood Gold.