Robinhood 3% checking/savings launching in 2019 Sign up today to get your place

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6 months 3 days ago - 6 months 3 days ago #32364 by Nunodat
SIPC Says It Has Serious Concerns About Robinhood's New Product
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6 months 3 days ago #32365 by PEW
Oh, don't forget T-Mobile Money is 4% for deposit up to $3K.
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6 months 3 days ago #32371 by st3fx
Robinhood Announces 3% Checking & Savings - Major Things to Consider
www.depositaccounts.com/banks/robinhood/offers/

"When Robinhood Checking & Savings become available, is it worth the risk? In today’s rate environment, it’s easy to get an online savings account from an FDIC-insured bank with yields between 2.25% and 2.50%. In another month, we may see even higher yields. Even if the SIPC eventually confirms SIPC coverage of the Robinhood Checking & Savings, these accounts will still seem to me to be more risky than money market funds. As a general rule, when you’re yield chasing, be very careful when you are considering institutions that are not federally-insured banks or credit unions. It makes sense to first consider all possible ways to maximize yield with federally-insured deposit accounts ."
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5 months 2 weeks ago - 5 months 2 weeks ago #32979 by Isamorph
I guess it's back to the drawing board on how to give 3% to the poor, and the 850,000 people on the waiting list are out of luck for now. Maybe tomorrow or next year.

www.marketwatch.com/story/robinhood-quietly-stops-users-from-signing-up-for-cash-accounts-amid-scrutiny-from-regulators-2018-12-31
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