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Robinhood expands into banking, offering Gold subscribers checking and savings accounts with a 4% interest rate.
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.
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.
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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Robinhood se expande a la banca, ofreciendo a los suscriptores de Gold cheques y cuentas de ahorro con una tasa de interés del 4%.