Is it too good to be true? Only issue I could find is that it is SIPC insured not FDIC, but if you’re keeping cash in there I am not sure what difference that makes. Anyone know?
Robinhood 3% checking acct
Other urls found in this thread:
sec.gov
share.robinhood.com
checking.robinhood.com
share.robinhood.com
share.robinhood.com
twitter.com
Any limits?
it is insured up to 250k cash, but I dont see any account limit posted yet on the 3%
If they had crypto integration I would maybe look at it.
robinhood is a ponzi scheme
are they going for a big asset grab with this? then what?
i think hes full of shit if its insured its fine
Your interest usually gets lowered because they use your profits to pay assessments to the FDIC. So find out how SIPC gets it's funding. That's how you find out if it's too good to be true.
"If your brokerage firm goes out of business and is a member of the Securities Investor Protection Corporation (SIPC), then your cash and securities held by the brokerage firm may be protected up to $500,000, including a $250,000 limit for cash."
Which is irrelevant, because the government couldn't pay for even 30%
No its more like a user acquisition scheme by the founders. Basically they raise a bunch of money and acquire users at a loss, and then after they have millions of users and impressive revenue growth rates, they get acquired by some bank or IPO for billions.
>just saw the CEO on CNBC talking about this
>tfw Robinhood CEO browses Jow Forums
>3% only on the first couple months
>then 0.5
So you’re telling me if I had $5 million, I could make $150k/year doing absolutely nothing with zero risk? Fuck, why couldn’t I have been born into wealth...
>3%
Is this guaranteed or is this like a very safe Mutual Fund?
I would like to accumulate in Robinhood saving then invest it all during the recession
robinhod is a gay
Fuck yes thank you Justin W for using my ref link. Now it’s time to doxx him and steal his buttcorns
>3%
I've seen a lot of signs lately that indicate the party is over for the U.S. economy. But this is the most alarming and obvious one by far.
They don't have crypto because they do not have wallets integrated into their platform.
The party is just starting for hodlers big on CASH
As we keep saying over and over and over again, there is nothing whatsoever supporting cryptos. There are no assets, no income streams, no corporations, no regulation, no guarantees, and absolutely nothing to stop them going to zero value.
Plus, there is no inherent value anyway. Markets are nothing to do with 'worth'. They are just casinos for gamblers to bet against each other. And as such, prices can surge or crash on a whim.
That said, if you read through /u/sporklin's history, you will see she keeps pointing out that we have a very, very light market footprint anyway. Almost all of our volume is in the real world, not on markets. That means people are actually using the currency AS a currency, not as some speculative toy. This is a good thing. It lends stability and mutes the unwashed rabble somewhat.
We are, by a very strange and unlikely set of accidents, THE best currency in all of crypto. We're more stable, we beat the field by most metrics, and one day the world will wise up.
So don't gamble with money you can't afford to lose. By all means have lots of Doge. Many of us have millions, and keep collecting more. And use them as much as you can. Trade by all means, as you can make some massive profits when the market gods are smiling, and modest gains even when they're not.
But don't expect insane prices, because that's, well, insane. And if you want to see how that looks, have a read of the posts here at the peak, when people were predicting 2018 was going to be the year of the Doge, and we'd have a market cap larger than all the rest of crypto put together. Crazyness abounds. ;)
Oh, and one other thing. The Doge on Robinhood may or may not be real Doges. There's really no way to tell, since you can't get them in or out of there. So get yourself some actual coins you can hold in your own wallets. Which brings me to my standard advice and a recommendation to do your research...
>3% yearly
It's not per month brainlet
For those that are curious, it's a 3% APY. This isn't per month, that would be unsustainable.
The average bank doesn't even pay 1% APY.
Use my referral to get bumped up in line.
checking.robinhood.com
What card are ppl getting? How come no one wants the american flag one?
Nothing suspect about this at all...
cause theyre fags
who /flag/ here
Stop linking if you are below 50,000 you are safe
Also stop linking if you are above 200,000. You didnt make it.
>The average bank doesn't even pay 1% APY
That is fucking crazy isn't the fed rate ~2%?
Way too good to be true. Suspect as hell.
Yeah. Fed CD rate is 2%
They were advertizing this in the lobby and elevators of the Salesforce tower today at work
This
Yeah but when the company goes under because it will because this is unsustainable, you only get 250k back
>>The average bank doesn't even pay 1% APY
>That is fucking crazy isn't the fed rate ~2%?
They r probably trading the money in your 'checking' similar to how regular banks work.
Fractional
Reserve
Friends is there any chance of this being made available in Canada any time soon?
are you fucking kidding me
even kek has abandoned us in these dark times.
nah
Fuck canacucks we need a northern wall desperately
oh shit
im clearly lucky rn what should I do to take advantage of my brief +5 LCK status effect
Inflation you dumb ass
>all these fucking normies
holy fuck i cant wait for bitcoin to hit $500 so you faggots leave
yolo options
>a fucking leaf
Of course Canadians get cucked
>the absolute state of those who didn't go for the american flag one
based leaf, I wish we had robinhood here