There the money earns a variable yearly percentage yield (APY)that may vary based on market elements 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 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 a user’s money throughout as needed to bundle up to that amount. There the cash makes a variable yearly portion yield (APY)that might fluctuate based on market factors like the Fed fund’s rate. Cash Management users can select from the 4 debit card designs that are accepted anywhere that takes Mastercard, plus 75,000 ATMs. A variety of new Cash Management features are being included to the Robinhood app. The larger technique is to get more users on Robinhood in hopes some will subscribe to Robinhood Gold.