Wanna park your Cash? How's Robinhoods new 3% saving account sound

in #finance6 years ago (edited)

Unheard of yeah try that with the big banks. If your holding cash you may want to check this out..

Robinhood is offering new 3% saving account today.

Popular online stock-trading platform Robinhood is offering checkings and savings accounts with an interest rate that's roughly thirty times higher than the national average.

"Robinhood Checking & Savings" accounts have no fees or account minimums, building off of the company's free stock-trading model that ushered in 6 million users and a $5.6 billion valuation in its five-year existence.

The company is launching a new app on Thursday that will house its stock trading alongside the checking accounts.

You have to download the Robinhood app to take advantage of it.

www.robinhood.com

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