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Meanwhile, Robinhood offers a 4.5 percent APY through its brokerage sweep program as of Sept. 26 — but only for Robinhood Gold subscribers. Everyone else receives 0.01 percent. Everyone else ...
It's time to be your own Knight of the Nasdaq.
Robinhood Gold is a subscription option on the app that provides a number of premium features that are not included in the company's basic tiers.
[133] [134] [135] Robinhood faced an increase in its collateral requirement from $700 million to $3.7 billion, later reduced to $1.4 billion, and the inability to meet this requirement may have resulted in insolvency in a matter similar to the bankruptcy of Lehman Brothers. Robinhood was able to quickly raise funds to meet the reduced requirements.
APY = (1 + r/n) n – 1 r = interest rate. n = number of compounding periods — daily compounding interest would be 365
Depending on the type of Robinhood account you have, commissions for trading futures will be as low as $0.50 per contract for Robinhood Gold members and $0.75 for non-Gold members.
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us