5.5% APY Boost | Robinhood

5.5% APY Boost

Who's eligible for the boosted APY?

Only direct recipients of the original promotional offer from Robinhood Financial LLC (Robinhood) are eligible for this limited-time offer. The offer is not available to the general public. This offer is only available in non-retirement individual investing accounts at Robinhood.

How do I qualify?

In order to earn the boosted APY, you have to make a single successful deposit of at least the deposit amount displayed to you in the original promotional offer from Robinhood at the time you receive the APY boost offer (the “Deposit Amount”) into your Robinhood non-retirement individual investing account between June 24, 2024 at 12 AM PT and July 24, 2024 at 11:59 PM PT, and have an active Robinhood Gold subscription and be enrolled in the Cash Sweep Program for the duration of the 60 day boost period. Any uninvested cash in your account will then automatically earn a 0.50% boost on top of the standard Gold APY rate as a special offer for the 60 days after your qualifying deposit settles.

What will happen after 60 days?

On the 61st day after your qualifying deposit settles, you will receive the standard Gold APY rate. The standard Gold APY rate as of June 1, 2024 is 5.00% APY. The 60 days of boosted rate may not be consecutive, and the boost could be temporarily paused due to market conditions. If your boosted rate is paused, you will temporarily receive the standard Gold APY rate until the boost resumes, and then you will resume receiving the boosted rate until you have received the boosted rate for a total of 60 days. You will then begin receiving the standard Gold APY rate.

What will happen if I withdraw my deposit from Robinhood before 60 days?

Your eligibility to earn the boosted APY for the full 60 days is contingent on whether your net deposits (deposits minus withdrawals) in your Robinhood non-retirement individual investing account equal or exceed the Deposit Amount. As long as your net deposits equal or exceed the Deposit Amount for 60 days, you will receive the full boosted APY for each of those days. If your net deposits from your Robinhood non-retirement individual investing account drop below the Deposit Amount, you may no longer receive the boosted APY and your account may receive the standard Gold APY rate.

Taxes

The funds you receive through this offer will be reported as interest income in your 1099-INT form. Because of IRS minimum earnings requirements, you may not receive a 1099-INT form if your interest payments received during the calendar year are less than $10.

As with all tax forms, you’ll be able to download a consolidated 1099 form (which includes the 1099-INT) starting in mid-February of every year. If you have questions about your specific tax situation, please consult with your tax professional.

Terms and Conditions

Robinhood boosted APY offer is subject to these terms and conditions.

Eligibility: The Robinhood Gold boosted APY offer is valid only for customers who directly receive an email or in-app communication about the offer; who make a single successful deposit of at least the Deposit Amount into their Robinhood non-retirement individual investing account between June 24, 2024 at 12 AM PT and July 24, 2024 at 11:59 PM PT; who have an active Robinhood Gold subscription; and, who are enrolled in the Cash Sweep Program. This offer is not available to the general public. Robinhood may decline requests to enroll in the offer at its discretion.

Offer: Customers who meet the eligibility criteria of this offer and make a single successful deposit of at least the Deposit Amount to their Robinhood non-retirement individual investing account between June 24, 2024 at 12 AM PT and July 24, 2024 at 11:59 PM PT will receive a 0.50% boost on top of the standard Gold APY rate as a special offer for 60 days after their deposit settles. After 60 days, the APY rate will revert back to the standard Gold APY rate which as of June 1, 2024 is 5.00% APY. The standard Gold APY rate is subject to change at any time without notice. Please note that the 60 days of boosted rate may not be consecutive, and the boost could be temporarily paused due to market conditions. If your boosted rate is paused, you will temporarily receive the standard Gold APY rate until the boost resumes, and then you will resume receiving the boosted rate until you have received the boosted rate for a total of 60 days. You will then begin receiving the standard Gold APY rate.

Qualifying Net Deposits: Customers must maintain “Net Deposits” greater than or equal to the Deposit Amount in order to receive the boosted APY for the entire 60 day duration. Net Deposits is defined as the deposits minus withdrawals from your Robinhood non-retirement individual investing account over the 60 day boost period. As long as your Net Deposits equal or exceed the deposit amount for 60 days, you will receive the full boosted APY for each of those days. If your Net Deposits drop below the Deposit Amount, you may no longer receive the boosted APY and your account will receive the standard Gold APY rate.

Withdrawals: The following activities constitute a withdrawal for purposes of calculating Net Deposits (i) standard bank account withdrawals (originated ACH) (ii) instant transfers (iii) ACATs out (iv) wire transfers out (v) debit card funding (vi) assisted withdrawals.

Timing of Boost: In most cases, the deposit boost will immediately apply upon initiation of a deposit. In some cases, such as an initiation of a wire deposit, the boosted APY may take up to 24 hours to show up in your account.

Limitations: This Offer may be delayed, declined, or rescinded in Robinhood’s sole discretion if, for example, Robinhood determines that there may be circumstances indicating fraud or a violation of these Terms. Robinhood reserves the right to change or restrict the Offer terms, or terminate the Offer, at any time without notice. This Offer is valid even if other Robinhood Offers have already been accepted. The Offer is not transferable, saleable, or valid in conjunction with certain other Offers, and is available to U.S. residents only. Other restrictions may apply. Participation in this promotion does not constitute a solicitation of a security or a recommendation to buy, sell, or hold any given security. Robinhood does not provide investment advice and does not hereby recommend any security or transaction. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business.

Taxes: Consult with your tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of a cash reward before enrolling. For taxable accounts, the value of all Robinhood offers received may be reported as "Other Income" on a Form 1099-MISC where required by applicable rules and regulations. Robinhood does not take responsibility for any tax related to this cash reward.

Securities trading offered through Robinhood Financial LLC (member SIPC), a registered broker-dealer, and a subsidiary of Robinhood Markets, Inc.

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All investing involves risk and a loss of principal is possible.

Robinhood U.K. Ltd (Robinhood UK) is authorised and regulated by the Financial Conduct Authority (FRN: 823590). Robinhood UK onboards UK customers and has the lead customer relationship with UK customers in relation to their use of the Robinhood UK app and website. Robinhood UK introduces UK customers to Robinhood Securities, LLC for order routing, execution, clearing, settlement, arranging custody services and margin lending to eligible UK customers with margin accounts. Robinhood Securities, LLC is regulated in the U.S. by the SEC and FINRA. Robinhood UK and Robinhood Securities, LLC are subsidiaries of Robinhood Markets, Inc.

Robinhood U.K. Ltd is a private limited company registered in England and Wales (09908051).

Robinhood does not provide investment advice. Individual investors should make their own decisions.

Commission-free trading of stocks refers to $0 commissions for Robinhood self-directed individual brokerage accounts that trade U.S. listed securities and ADRs. Keep in mind, other costs such as regulatory fees may apply to your brokerage account. Please see Robinhood UK’s Fee Schedule to learn more.

UK Privacy policy

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.