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Robinhood announced today a new benefit of the Robinhood Gold subscription:
Get 3% APY on uninvested funds in your Robinhood cash account.
Robinhood Gold membership costs $5 per month, and comes with a free 30 day trial. There are a few other benefits other than the higher APY rate for things like margin investing and few more, details here.
3% APY is a very good rate on cash, at the top of what’s currently available at time of this writing.
This was published by Doctor Of Credit, to read the complete post please visit https://www.doctorofcredit.com/robinhood-gold-3-00-apy-cash-account-5-monthly-fee/.