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by reducesuffering
1336 days ago
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Robinhood requires a $5/month subscription to go from 1.5% to 3% interest. Only starts being relatively worth it at $7k cash, assuming ~40% marginal tax bracket. And since others are paying 2.3% currently, really it's only worth it at like $15k. Like another commenter said though, 3-month US treasuries are paying 4% and exempt from state tax. |
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