Earn interest daily through a JP Morgan money market fund with no impact to trades or withdrawals.

Money Market Funds (MMFs) are low-risk investment funds that primarily hold high-quality, short-term assets, such as commercial paper, government securities, and repurchase agreements. They are commonly used in the EU as a way to preserve capital while earning a stable return.

Robinhood partners with JP Morgan Asset Management to offer access to the EUR Liquidity LVNAV Money Market Fund (ISIN: LU2599140782), an AAA-rated fund with daily liquidity and a stable net asset value (NAV) of €1 per share.

When you opt in to MMFs, you can earn APY on your buying power. Here’s how:

• Your uninvested euro balance is automatically invested into the MMF once per day at the fund’s cutoff time (est. 2:00 PM Luxembourg time)
• You earn interest daily based on the fund’s yield
• Interest is paid monthly into your account
• Your MMF balance and buying power are treated as a single combined balance, meaning you can still trade or withdraw funds at any time
• Your buying power is invested in a money market fund managed by JP Morgan and is protected by investor compensation schemes up to €22,000

Daily accrual, monthly payout

• Interest accrues every day your funds are invested in the MMF but is not compounded (based on your balance at the cutoff time)
• Interest is paid on the first business day of the following month
• Interest is automatically reinvested into the MMF unless you withdraw or trade with your balance

APY and fund rates

Your interest rate is based on the MMF’s published yield and may vary from day to day. During certain promotional periods, Robinhood may boost your APY and offer a higher overall rate.

To begin earning interest:

1. On your home tab, go to Interest
2. Select Earn interest
3. Review the MMF overview and required disclosures
4. Explicitly opt in to the program by agreeing to the terms and selecting Continue

Once enrolled, your Interest tab shows:

• Cash earning interest (your balance currently invested in the MMF)
• Interest accrued this month
• Lifetime interest paid
• Your current APY
• Next payout date

You will also see MMF interest payments listed in your account’s History as Interest payment.

Deposits

If you opt in, all new euro deposits automatically move into the MMF at the next cutoff time If you do not opt in, deposits stay in your regular buying power

Withdrawals

You can withdraw or trade against your balance instantly, even if it’s invested in the MMF, because Robinhood provides immediate liquidity. However, keep in mind that there may be a delay if liquidity is low, in which case withdrawals may settle on T+1 (next business day).

Cutoff time and weekends

• Cutoff time: 2:00 PM Luxembourg time daily (est.)
• If you deposit after the cutoff, funds will be invested the next business day
• Funds are not invested in MMFs on weekends or holidays; interest begins after the next eligible business day

Robinhood takes its fee from the net yield of the fund:

• Standard fee: 50 basis points (0.50%), taken from the interest you earn
• Until 31 March, you will receive the full gross APY for the first 3 months
• Review the fee schedule for more information
• There are no separate trading or withdrawal fees for interacting with your MMF balance.

Taxes related to this program are solely your responsibility. Consult with your tax advisor about the appropriate tax treatment for this program and any tax implications associated with receipt of cash before enrolling. The value of income received through this program may be reported to applicable local tax authorities where required by rules and regulations.

Robinhood Europe, UAB (“RHEU” or “Robinhood”) (company code: 306377915) is authorized and regulated by the Bank of Lithuania (“BoL”) as a financial brokerage firm and a crypto-asset service provider. RHEU’s registered address is: Vilniaus g. 33-201, LT-01402 Vilnius, Lithuania; website.