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

To get around the$250,000 FDIC limitation per bank, Robinhood is partnering with six banks that it will spread a user’s money across as required to bundle up to that sum. There the money makes a variable yearly portion yield (APY)that may vary based on market factors like the Fed fund’s rate. Cash Management users can pick from the 4 debit card styles that are accepted anywhere that takes Mastercard, plus 75,000 ATMs. A range of brand-new Cash Management features are being added to the Robinhood app. The bigger method is to get more users on Robinhood in hopes some will subscribe to Robinhood Gold.