Robindhood Gold APY isn't 5% : r/RobinHood - Reddit

While this isn't a massive discrepancy it was enough for me to let others know. **Update** Why the robinhood page formula was wrong is beyond me.... they fixed it and answer below is …

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Robindhood Gold APY Isn't 5% : R/RobinHood - Reddit

3 weeks from now

While this isn't a massive discrepancy it was enough for me to let others know. **Update** Why the robinhood page formula was wrong is beyond me.... they fixed it and answer below is …

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4.9% APY Robinhood Gold --- What Is The Risk Involved Here?

3 weeks from now

I’ve done the math and unless you use Gold for other benefits, the 4.9% APR is only worth it if you have at least $1300 in there due to the $5 fee. If you have less than $1300 the fee costs you …

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Robinhood Gold 4.9% APY Worth? : R/investing - Reddit

3 weeks from now

Fine print further says you can only get 5.30% APY on deposits up to $15K…. “Earn 5.30% APY when you have up to $15,000 in your account. Amounts over $15,000 will earn 0.50% APY. …

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HYS Or Robinhood Gold? Too Good To Be True At 4.65% APY?

3 weeks from now

The $5 a month is the kicker… you need a minimum of $1325 to start turning a profit on the APY. And at $1325 the profit is $0.02. It only makes sense to do this is you are putting thousands of …

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Robinhood Unveils A 5% APY For Gold Members, But How Will

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Nov 20, 2023 · Robinhood's recent move to challenge traditional banks includes its increased savings offering, a 5.0% APY for Robinhood Gold Members. The stock trading platform …

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Question About Robinhood Gold. : R/investing - Reddit

3 weeks from now

I'm thinking about taking advantage of the 3% match in Robinhood Gold. Would it be best to let the money sit in my brokerage account for the first 3 months to gain 5.25% APY? How much …

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We Did It Again. Now Earn 4% APY With Robinhood Gold : …

3 weeks from now

The RH Gold rate had previously tracked the bottom of the Federal Funds Rate -- from 3%, then 3.75%. Now the bottom of the FFR is 4.25% (Fed increased by 50 bps today) but only 4% …

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FAQs about Robindhood Gold APY isn't 5% : r/RobinHood - Reddit Coupon?

What is Robinhood gold APY?

Robinhood Gold’s 5.00% APY, under the Robinhood Brokerage Cash Sweep program, is competitive with some of the best high-yield savings accounts. Robinhood customers who don’t subscribe to the Gold tier will earn 1.50% APY (5.00% APY for Gold customers), which is still more than triple the national average. ...

How much APY does Robinhood gold earn?

Robinhood Gold members now earn up to 5.00% APY on uninvested cash in their accounts while regular customers earn 0.01% APY. Interest compounds daily and is paid out monthly by program banks back to Robinhood customers. The APY is a great selling point for Robinhood Gold in my opinion. ...

What are the benefits of the Robinhood Gold subscription?

Robinhood Gold membership costs $5 per month and comes with a free 30-day trial. One of its benefits is earning 3% APY on uninvested funds in your Robinhood cash account. There are additional benefits like margin investing and more. Robinhood announced this new benefit for Robinhood Gold subscribers. ...

Is Robinhood gold a good IRA?

Gold members also benefit from a higher limit on instant deposits—$50,000—and a 3% match on Robinhood retirement IRA contributions. Interest is paid monthly, and there’s no cap on how much you can earn with your Robinhood Gold account. You can access your money from anywhere, but transfers can take up to five days. ...

Does Robinhood gold include compounding?

This includes compounding, assuming you don’t deposit, invest, or withdraw funds during the entire year. Robinhood Gold is offered through Robinhood Gold, LLC and is a subscription offering premium services available for a monthly or annual membership charge. ...

How does Robinhood gold work?

According to Robinhood, interest is calculated daily and charged to your brokerage account at the end of each billing cycle. With Robinhood Gold, you can instantly access deposits of up to $50,000, depending on your brokerage account balance and portfolio value. ...