How do I downgrade from Gold?

You can end your Robinhood Gold subscription by going to Account → in the app, Menu (3 bars) → Investing → Robinhood Gold → Cancel membership. If you downgrade, you'll still have access to the premium features, such as the higher brokerage cash sweep rate until your billing cycle ends.

Be sure to cancel your subscription before your next billing date to avoid being charged a renewal for another billing cycle of Gold. You can find the next billing date in Account → in the app, Menu (3 bars) → Investing → Robinhood Gold. If you change your mind and decide to upgrade your account before the end of your previous billing cycle, you’ll resume your old billing cycle.

You’ll be able to use Gold-level Instant Deposits up to the end of your 30-day paid period. After that, you won’t be able to initiate a new Gold-level Instant Deposit unless you re-subscribe to Gold.

If you change your mind and decide to upgrade your account before the end of your previous billing cycle, you’ll resume your old billing cycle.

Additionally, if you have brokerage cash sweep enabled and downgrade from Gold, the interest rate you can earn on any uninvested cash will switch to the lower non-Gold annual percentage yield (APY) of 0.01% when your billing cycle ends.

If you need help downgrading, contact us.

Any pending boost and future payouts are lost if you cancel your Gold membership.

The brokerage cash sweep program is an added feature to your Robinhood Financial LLC individual investing account. Robinhood Gold is offered through Robinhood Gold, LLC. For more information, see the Robinhood Gold User Agreement.

Interest is earned on uninvested cash swept from your individual investing account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of May 8, 2024, you'll receive 0.01% APY, or 5% (with Gold). Any fees Robinhood receives may vary and are subject to change. Neither Robinhood Financial LLC nor any of its affiliates are banks.

With the brokerage cash sweep program, the eligible uninvested cash in your individual investing account (unrestricted cash intended for investing but that you have not yet invested or spent) is swept to program banks, where it becomes eligible for FDIC insurance up to $2.5 million or $250,000 per program bank, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. Note that until funds are swept to a program bank, they are held in your individual investing account which is protected by SIPC. Once funds are swept to a program bank, they are no longer held in your individual investing account and are not protected by SIPC. However, these funds are eligible for FDIC insurance through the program banks subject to FDIC insurance coverage limits and any capacity limitations at the banks. Review the IntraFi Network Deposit Sweep Program Agreement for more information.

Member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

Not all investors will be eligible to trade on margin. Margin involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used. Before using margin, customers must determine whether this type of strategy is right for them given their investment objectives and risk tolerance.

For more information, please see FINRA’s Investor Alert and Robinhood Financial’s Customer Relationship Summary, Margin Disclosure Statement, and Margin Agreement. These disclosures contain important information on Robinhood Financial’s products and services, conflicts of interests, lending policies, interest charges, and the risks associated with margin investing enabled accounts.

Robinhood Financial charges a variable margin rate based on your settled margin balance and the upper bound of the Target Federal Funds Rate, which is set by the Federal Reserve and is subject to change without notice The formulas used to calculate the margin interest rate are subject to change at Robinhood Financial’s discretion. The margin rates shown are as of May 20, 2024 and might change at any time without notice and at Robinhood Financial’s discretion.