A year after its first attempt to launch a bank-style account, brokerage app Robinhood announced today that it has begun to roll out its new cash management feature — which offers 1.80% APY on uninvested cash — to the first set of customers who were on the Robinhood Cash Management waitlist.
Similar Stories to Robinhood Rolls Out 1.80% Apy Cash Management Account To First Customers on Bing News
Chanelle Bessette, NerdWallet.com
Wed, 12/11/2019 - 2:37pm
BING NEWS:
- What is a cash management account, and how does it work?
Cash management accounts are offered by online banking platforms. They are generally a hybrid of checking and savings accounts with increased FDIC insurance. Features common in cash management ...
05/2/2024 - 9:56 am | View Link - Today’s top money market account rate roundup…
The average money market account (MMA) rate has remained fairly steady over the past week and sits at 0.59%. But if you shop around, you could get a much higher rate of around 5%.
05/2/2024 - 1:27 am | View Link - Tips for Managing Cash Flow in the Early Stages of Your Small Business
Many small businesses struggle with cash flow management. Read on to learn how to control yours when you're first starting out.
04/29/2024 - 11:35 pm | View Link - 2 Great Banks That Will Pay You to Open an Account
SoFi and Axos Bank are two examples of banks with no monthly account fees and high APYs. Both banks are offering bonuses of up to $300 for opening a new account.
04/22/2024 - 7:30 am | View Link - JCPenney rolls out CashPass rewards, a direct shot at Kohl’s Cash
The Plano-based department store retailer has said it’s investing $1 billion over the next two years improving stores and operations.
04/17/2024 - 12:11 pm | View Link - More
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