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 can get access to four premium features:

• 4.15% interest on your uninvested brokerage cash with cash sweep (1.5% without Gold)*

• Bigger Instant Deposits*

• Professional research from Morningstar

• Level II market data from Nasdaq

• Access to margin investing at 7.25% (11.25% without Gold)*

You can try Gold for free for the first 30 days (the $5 monthly fee will be waived). If you choose to use margin investing during your trial period, you’ll be charged 7.25% yearly interest on any amount you borrow over $1,000.

*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.

You can upgrade to Robinhood Gold from any platform. Learn more

For $5 a month, you get access to Gold’s premium features. After your free trial ends, you will begin your first 30-day billing cycle. You will be charged $5 at the beginning of each billing cycle.

If you invest on margin, you’ll pay 7.25% yearly interest on the amount 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 brokerage account at the end of each billing cycle.

Yes! We’ve built Robinhood Gold to be for every investor, 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.

Please note that if you are approved for options trading, margin may be required to satisfy exercise or assignment, even if you have the Robinhood Gold Margin Investing feature turned off.

Yes! You can invest and trade commission-free on Robinhood whether or not you’re a Gold subscriber. Keep in mind that other fees such as trading (non-commission) fees and paper statement fees may apply to your brokerage account. Please see Robinhood Financial’s Fee Schedule to learn more.

You can end your Robinhood Gold subscription by going to the Robinhood Gold section of your account settings and tapping Cancel membership. If you downgrade, you will immediately lose access to the premium features, including the lower margin interest rate offered with Gold, and the higher brokerage cash sweep rate.

Be sure to cancel your subscription before your next billing date to avoid being charged a renewal for another 30 days of Gold. You can find the billing date in the Gold section of your account settings. Every time you upgrade your account, your billing cycle will reset to 30 days and you will be charged the $5 monthly fee.

You will not be able to downgrade if you are currently using Instant Deposits over $1,000

To stop using bigger Instant Deposits, you can wait for your deposits to complete or sell enough of your positions to cover the amount. Bank deposits can take up to five business days to complete.

Please note that if you downgrade in the middle of your billing cycle, the monthly fee will not be prorated.

Also, if you have margin investing enabled and downgrade from Gold, you will accrue interest at the standard rate immediately. This means that if you have a margin balance, you will begin accruing interest at 11.25% instead of 7.25% immediately. Learn more

Additionally, if you have brokerage cash sweep enabled and downgrade from Gold, the interest rate you can earn on any uninvested cash will immediately switch to the lower standard rate of 1.5%.

All investments involve risk.

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

Interest is earned on uninvested cash swept from your brokerage account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of February 3, 2023, the Annual Percentage Yield (APY) that you will receive is 1.5%, or 4.15% for Gold customers. The APY might change at any time at the program banks' discretion. Additionally, any fees Robinhood receives may vary and is 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 brokerage 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 $1.5 million or $250,000 per program bank, inclusive of any other deposits you may already hold at the bank in the same ownership capacity. Please note that until funds are swept to a program bank, they are held in your brokerage account which is protected by SIPC. Once funds are swept to a program bank, they are no longer held in your brokerage 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. Please see the IND Disclosures 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 standard margin interest rate of 11.25% and a margin interest rate of 7.25% for customers who subscribe to Gold. The margin interest rate is calculated by adding 6.5% (for non-Gold customers) or 2.5% (for Gold customers) to 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 February 2, 2023 and might change at any time without notice and at Robinhood Financial’s discretion. The standard margin interest rate will be rolled out to customers who do not subscribe to Gold in phases over a period of time, subject to eligibility criteria, and so may not be available immediately to all customers.

Options trading entails significant risk and is not appropriate for all investors. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Customers should consider their investment objectives and risks carefully before investing in options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).