The New
Gold Standard
Let the numbers do the talking.
Calculate how much you can earn with Robinhood Gold.Potential Gold rewards value
$845
$425
$120
$300
Watch your cash grow with 4.25% APY
*The national average savings account interest rate is based on data from the FDIC as of Nov 18, 2024. Robinhood is not an FDIC-insured bank. Deposit insurance covers the failure of an insured bank. Other products shown are not insured by the FDIC, are not deposits, and may lose value. Certain conditions must be satisfied for pass-through FDIC deposit insurance coverage to apply.
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Access industry leading rates and tools with GoldUnlock $1k of interest-free borrowing
Combined with access to industry-leading margin rates (4.95%-6%)
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Access up to $50K instant deposits daily
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How is Robinhood able to offer 9x the national savings average? How does it work?
We're always looking for ways to help our customers make their money work for them. We leverage a network of partner banks to offer you a competitive APY on your uninvested cash.
Once you have Gold, all you need to do is opt in to the brokerage cash sweep to have your uninvested brokerage account cash automatically “swept,” or moved, into deposit accounts at a network of program banks to earn interest.
How can you give 10x the FDIC insurance of a standard bank's $250K?
That's easy... we've got 12 partner banks so you can enjoy a combined coverage of up to $2.5 million FDIC insurance across all of them.
How do I earn the 3% IRA Match and when is it paid out?
You can earn the 3% match on all new IRA contributions, up to the contribution limit.
The IRA Match will generally be available in your account and ready to invest when your deposits are completed. You must stay subscribed for Gold for one year in order to keep the 3% deposit match. See the IRA Match FAQ for more details about how it works.
Is there a limit on how much interest I can earn?
Nope! There is no cap or max on how much interest you can earn.
Is it hard to withdraw my cash? How long does it take to get it out?
It's your money, you can access your money whenever you want. Bank transfers can take up to 4-5 days or you can choose the instant withdrawal option for a 1.5% fee.
How quickly can I move my money from earning interest to making an investment?
Instantly! Your uninvested cash can be used to invest at any time to purchase assets in your brokerage account or IRA.
How is this different from a savings account?
Cash sweeps provide a way to ensure your money is not sitting idly in your brokerage account when it could be earning interest at a bank. With Robinhood Gold, your uninvested cash earns interest in bank deposit accounts at our network of partner banks. Interest is paid out monthly.
How do I pay for Gold?
Your brokerage account will be charged the monthly subscription fee every 30 days at the beginning of each billing cycle. Try Gold for free for your first 30 days.