There the cash earns a variable annual portion yield (APY)that might change 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. The larger technique 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 out a user’s money throughout as necessary to bundle up to that amount. There the money earns a variable yearly percentage yield (APY)that might vary based on market factors like the Fed fund’s rate. Cash Management users can select from the four debit card styles that are accepted anywhere that takes Mastercard, plus 75,000 ATMs. A variety of new Cash Management functions are being included to the Robinhood app. The bigger method is to get more users on Robinhood in hopes some will subscribe to Robinhood Gold.