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flag Robinhood expands into banking, offering Gold subscribers checking and savings accounts with a 4% interest rate.

flag Robinhood, known for its stock trading app, is expanding into banking this fall with a new service for its Gold subscribers, offering checking and savings accounts with a high 4% annual interest rate. flag The service will be FDIC-insured up to $2.5 million and will allow users to manage their finances through the Robinhood app, including receiving cash deliveries. flag Additionally, Robinhood will introduce a wealth management service called Robinhood Strategies, which will offer stock and ETF investment options with a low annual management fee.

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