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What is the current interest rate for cash on Robinhood?

avatarReuba Is dumbDec 17, 2021 · 3 years ago3 answers

Can you tell me what the current interest rate is for cash on Robinhood? I'm considering keeping some cash in my account and I want to know what kind of return I can expect.

What is the current interest rate for cash on Robinhood?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    The current interest rate for cash on Robinhood is 0.30%. This rate is subject to change and may vary depending on market conditions. It's always a good idea to check the app or website for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    As of now, the interest rate for cash on Robinhood is 0.30%. However, it's important to note that this rate is not fixed and can fluctuate over time. It's recommended to regularly check for any updates or changes to the interest rate on the Robinhood platform.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi offers a competitive interest rate of 0.30% for cash on Robinhood. This rate is higher than many traditional banks and can provide a decent return on your cash holdings. Keep in mind that interest rates are subject to change, so it's a good idea to stay informed and regularly check for any updates.