Trade stocks, ETFs, and now options without worrying about pattern day trade restrictions. Options and cash accounts—together at last.
As interest rates continue to rise, Robinhood is yet again passing along benefits to our customers. On Friday, March 24 we’re raising our Robinhood Gold rate –this time to 4.4%. It’s our highest rate yet and is 19x more in interest when compared to the national average savings rate,* making it one of the best rates available. There’s no cap on earnings and customers can access their money at any time.
As a safety-first company, we want customers to feel confident and secure on Robinhood. That’s why all eligible customers who opt in to brokerage cash sweep have their uninvested brokerage account cash automatically “swept,” or moved, into deposit accounts at a network of six program banks. Those banks are Goldman Sachs Bank, HSBC Bank, Wells Fargo Bank, Citibank, Bank of Baroda, and U.S. Bank.