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  2. May 6, 2024 · Robinhood provides free stock, options, ETF and cryptocurrency trades, and its account minimum is $0. Mutual funds and bonds aren't offered, but IRAs with a 1% match are.

    • Overview
    • Rate Collection and Methodology Disclosure

    ) has once again boosted the interest rate offered to its best customers on their uninvested cash balances, raising the return to 4.65% APY. The move came on the heels of Wednesday's interest rate hike by the Federal Reserve.

    The new rate from the app-based brokerage firm is certainly a competitive rate for cash savings in a brokerage account. But you can earn even more with several options in our daily ranking of the

    , all without the need to be a paying Robinhood customer. Today's leader in our ranking pays 5.02% APY.

    Robinhood's instant access savings account now pays its Gold customers 4.65% on uninvested brokerage account cash.

    Gold members pay $5 a month for a subscription, which includes other benefits. Nonsubscribers with Robinhood accounts will earn 1.5% APY.

    Though the new 4.65% APY rate is very competitive, 14 high-yield savings accounts pay even better, with 5.02% APY being the best in our rankings right now.

    Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer savings accounts to customers nationwide. We determine daily rankings of the top-paying savings accounts. To qualify for our lists, the institution must be federally insured (

    for credit unions), and the savings account's minimum initial deposit must not exceed $25,000.

    • Sabrina Karl
  3. Nov 17, 2023 · Robinhood Gold customers now earn 5.00% on uninvested cash held in brokerage accounts. Gold members pay $5 a month for a subscription, which includes other benefits.

    • Sabrina Karl
  4. Feb 1, 2024 · Cost: 100% commission-free. Available Asset Classes: Stocks, ETFs, Options, and Crypto. Benefits: Easy to use, best-in-class fee structure. Drawbacks: No mutual funds, no tax loss harvesting. Promotion: 1% brokerage account transfer bonus (no cap); 1 free stock sign-up bonus (valued between $5 and $200).

    • 16 min
    • Robinhood
  5. Mar 31, 2023 · Robinhood is launching retirement accounts with matched contributions — but are they right for you? Here are the details on the new Robinhood IRA.

  6. Apr 12, 2024 · Robinhood Broker Review. 4.4 U.S. News Overall Rating. By Barbara Friedberg. April 12, 2024.

  7. May 24, 2024 · Robinhood offers free stock and unlimited match on IRA transfers and rollovers for Gold members. Find out how to claim your rewards.

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