|
|
|
|
|
|
by reducesuffering
1962 days ago
|
|
|
Robinhood hardly, if at all, monetizes interest on non-invested balances anymore. Their cash-management feature sweeps any uninvested funds into FDIC insuranced accounts with partner banks, earning typical Savings accounts interest rates: 2% before Covid, and currently 0.30%. Venmo, PayPal, and CashApp are the ones monetizing interest on their clients' funds, essentially acting as a checking account paying 0% interest. |
|
|