What’s Robinhood Gold?
Robinhood Gold is a suite of powerful tools, data, and features designed to take your investing to the next level.
With Gold, you get the following premium features for non-retirement, individual, and joint investing accounts:
4.25% APY on your uninvested brokerage cash with cash sweep*
Bigger Instant Deposits*
Professional research from Morningstar**
Level II market data from Nasdaq**
First $1,000 of margin borrowed is interest free
You can try Gold with a one-time free trial for the first 30 days (the monthly or annual subscription charge will be waived). Note that if you’re starting your subscription when opening a Robinhood Gold Card account, you’re not eligible for the free trial. If you choose to use margin investing during your trial period, you’ll be charged interest on any amount you borrow over $1,000.
As a Gold member, you can get a 3% IRA match on eligible IRA contributions to your Robinhood IRA.***
*To earn interest, a cash balance is needed. If you have a margin balance, there is no cash balance to earn interest. Interest rates for cash sweep and margin investing can change at any time. Margin investing is an optional feature. Not all investors will be eligible to invest on margin. Bigger Instant Deposits are only available if your Instant Deposits status is in good standing. Also, bigger, Gold-level Instant Deposits aren’t available for IRAs.
**These features aren’t available unless you’re a Gold subscriber in your individual investing account. You can upgrade to Robinhood Gold from any platform, whether you’re signing up for the first time or resubscribing.
***Keep in mind, you must hold eligible contributions in your IRA for at least 5 years to keep the match, and remain a Gold member for at least 1 consecutive year from the date of your first 3% match to keep the additional 2% match. IRA match FAQ has more details. IRAs aren’t included in the Brokerage cash sweep program.
If one of the joint account owners subscribes to Gold, then both owners get the Gold APY rate for cash sweep for their joint account.
If a joint account owner doesn’t subscribe to Gold for their individual investing account, they won’t get the Gold APY for their individual account but only for their joint account.
If both joint account owners are subscribed to Gold in their individual investing accounts, then both also get the Gold APY rate for their individual accounts.
You can upgrade to Robinhood Gold from any platform. For more details, check out How do I upgrade to Gold?
For a $5 monthly or $50 annual subscription charge, you get access to Gold’s premium features. After your one-time free trial ends, your first billing cycle will begin. You’ll be charged for the subscription at the beginning of each billing cycle. Review the Robinhood Gold Agreement for more details.
If you invest on margin, you’ll pay a variable margin rate based on your settled margin balance. The interest rate will apply to margin that you use over $1,000 since your first $1,000 of margin used is included in Gold. Your interest is calculated daily and charged to your investing account at the end of each billing cycle.
Become a Gold member, make an eligible deposit, and remain a Gold member for 2 years to get the full 1% boost on that deposit amount. Learn more about the 1% deposit boost.
New deposits won’t be eligible for the 1% deposit boost starting November 25, 2024 at 6 PM ET. However, you can still earn a 1% boost on eligible deposits made within the eligible dates.
Yes! We’ve built Robinhood Gold to be for a wide range of investors, whether or not you want to invest on margin. You can choose to not enable margin investing when you sign up for Robinhood Gold and use all of the other premium features.
If you’re approved for options trading, margin may be required to satisfy an exercise or assignment, even if you have Margin investing disabled.
We don’t charge commissions to invest and trade stocks, ETFs, and their options with Robinhood, whether you’re a Gold subscriber or not. For trading index options, there are contract and exchange fees that Robinhood is charged and we pass those fees on to you to cover our costs. Keep in mind that other fees may apply to your individual investing account, such as trading (non-commission) fees and paper statement fees. Robinhood Financial’s Fee Schedule has more details.
You can end your Robinhood Gold subscription by going to Account → in the app, Menu (3 bars) → Investing → Robinhood Gold → Cancel membership. If you cancel, you’ll still have access to the premium features until your billing cycle ends. This includes the higher brokerage cash sweep rate for investing accounts, and the additional 2% IRA match for eligible IRA contributions.***
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 billing cycle. After that, you won’t be able to initiate a new Gold-level Instant Deposit unless you re-subscribe to Gold.
Keep in mind, any pending or future 1% deposit boost payouts will be lost when you cancel your Gold subscription.
Also, if you have margin investing enabled and downgrade from Gold, you’ll accrue interest at the standard rate immediately. For more details, check out How do I downgrade from Gold?
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) when your billing cycle ends.
The brokerage cash sweep program is an added feature to your Robinhood Financial LLC individual investing account. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.
Deposit boost is divided into 24 monthly payouts. To earn your full boost, hold or invest your brokerage deposits for 2 years. If you cancel Gold, you’ll lose future payouts you haven’t earned yet. Boost only applies to new, eligible deposits. For more information, review the Robinhood Gold Agreement.
Interest is earned on uninvested cash swept from your investing account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of Nov 15, 2024, the APY for Gold members is 4.25%. The APY might change at any time at the program banks' discretion. Additionally, any fees or charges 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 uninvested cash in your investing account (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. Keep in mind that until funds are swept to a program bank, they’re held in your investing account which is protected by SIPC. Once funds are swept to a program bank, they’re no longer held in your investing account and aren’t protected by SIPC. However, these funds are eligible for FDIC insurance through the program banks subject to FDIC insurance coverage limits. The IntraFi Network Deposit Sweep Program Agreement has more information.
You must have earned (wage) income in order to contribute to an IRA. The funds that earned the match must be kept in the account for at least 5 years to avoid a potential Early IRA Match Removal Fee. For more information, review the IRA Match FAQ.
Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood doesn’t provide tax advice. Consult with a tax adviser if you have questions.
The Robinhood IRA is available to any US customer with a Robinhood investing account in good standing.
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, review 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 November 7, 2024 and might change at any time without notice and at Robinhood Financial’s discretion.
Morningstar isn’t affiliated with Robinhood Markets, Inc. or its subsidiaries.