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In A Bold Asset Grab, Robinhood Offers 3% Interest On Checking And Savings AccountsFollowing in the footsteps of other fintech startups, Robinhood is entering the checking and savings accounts business. But in a bold marketing move, it's offering 3% interest on both checking and savings accounts, the highest rate on the market. What do they intend to do with the money to make a return on their interest payment? What's the catch? Wouldn't give them a cent unless they are Federally Insured.
Source: Forbes - 🏆 394. / 53 Read more »
In A Bold Asset Grab, Robinhood Offers 3% Interest On Checking And Savings AccountsFollowing in the footsteps of other fintech startups, Robinhood is entering the checking and savings accounts business. But in a bold marketing move, it's offering 3% interest on both checking and savings accounts, the highest rate on the market. “Robinhood invests the cash placed in these accounts in low-risk assets such as U.S. treasuries.” 😂😂😂 This may disrupt the banking industry. Good. It's time traditional banking falls. But most of you don't own property so HAHA!!! Available outside US?
Source: Forbes - 🏆 394. / 53 Read more »