Robinhood announces new Cash Management service with 2.05% interest on unspent brokerage funds (Update: Rolling out now at 1.8% APY)

• Update 1: 2019/12/13 11:51am PST
  This week, Robinhood started to roll out its Cash Management feature to a small number of users. As of today, the Annual Percentage Yield (APY) on unused funds is 1.80%,

It's been nearly a year since the stock investment and cryptocurrency company Robinhood paused its launch of no-fees checking and savings accounts. It was forced to make changes after mistakenly claiming that its industry-leading 3% interest rates were insured by the SIPC.

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Robinhood announces new Cash Management service with 2.05% interest on unspent brokerage funds (Update: Rolling out now at 1.8% APY) was written by the awesome team at Android Police.

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