High-Yield Cash Program
The High-Yield Cash Program allows Robinhood Gold subscribers to earn interest on eligible uninvested brokerage cash. Once enrolled, your eligible uninvested cash automatically earns interest whether it’s swept to the Cash Sweep Program or held as part of our Brokerage-Held Cash Program.
You’ll earn a 3.35% annual percentage yield (APY) on eligible brokerage cash in your self-directed, taxable investing accounts. This rate applies to all eligible balances, regardless of the specific method used to hold your funds.
All accounts managed by Robinhood Strategies get a 3.35% APY on eligible cash that is swept to the program banks as part of the Cash Sweep Program.
The High-Yield Cash Program is part of a rolling release that started February 2, 2026. If you don’t have access to the new program yet, you will soon.
You can earn interest on your eligible brokerage cash (unrestricted cash intended for investing that hasn't yet been invested or spent).
If you start January 1 at 3.25% APY with $10,000 in eligible brokerage cash, you could earn $325 by January of the following year. This includes compounding, assuming you don’t deposit, invest, or withdraw funds during the entire year.*
You’re paid interest monthly, and you can keep track of how much interest you’ve earned in the app in Account (person icon) → Menu (3 bars) → Investing → High-Yield Cash Program.
The same interest rate will be paid on all eligible balances in the High-Yield Cash Program, regardless if it’s held in the Cash Sweep Program or Brokerage-Held Cash Program. The current rate is 3.35% APY. The interest rate for the Cash Sweep Program is determined by the amount the program banks are willing to pay minus the fee, if any, paid to Robinhood by the program banks. The Brokerage-Held Cash Program interest rate matches the interest rate for the Cash Sweep Program. The APY your cash earns is subject to change.
The Federal Reserve Bank (or the Fed) and market conditions are factors in APY fluctuations. Changes in fees or charges that Robinhood receives from program banks can also cause the APY to fluctuate.
Congress assigns 3 main goals to the Fed: maximum sustainable employment, stable prices, and moderate long-term interest rates. The Fed uses various tools to meet these goals, but interest-rate changes often get the most attention because they directly impact how much interest you can earn and how much it costs to borrow.
The rate for the High-Yield Cash Program is based on the rate of the Cash Sweep Program. The program banks pay interest rates that are determined in part by the federal funds rate, which moves up and down as mandated by the Fed. When the federal funds rate fluctuates, the rate you receive through this program may also change.
If there is a fed funds rate decrease, which could cause the High-Yield Cash Program rate to decrease, the results aren’t all bad. When the rate goes down, mortgage rates and other loan rates often do as well.
If the rate changes, it will change how much interest you earn. For example, a rate change of 1% would mean that for every $1,000 held in the High-Yield Cash Program for a year, you’d earn a difference of $10 in annual interest.
You earn interest on your eligible uninvested cash. Eligible cash amounts up to and including $10,000 in your Robinhood accounts will remain as free credit balances and will earn interest as part of our Brokerage-Held Cash Program. If you have multiple investing accounts, amounts up to and including $10,000 of cash in aggregate across all these accounts will remain in the program as free credit balances.
Eligible cash amounts greater than $10,000 in your accounts will be part of the Cash Sweep Program and swept to banks to earn interest. If you have multiple individual investing accounts, the Cash Sweep Program will apply to any amounts more than $10,000 in aggregate across your accounts.
Note that you only earn interest on cash that’s settled in your account and not part of a pending transfer. This is affected by the timing of trades, deposits, or withdrawals.
For example, when you purchase a stock, the cash might not be deducted from your account until 1 business day after the trade occurs, when the trade settles. In this case, you would continue to earn interest until the trade settles.
The reverse is true as well—if you sell a stock, you may not get the cash until 1 business day after the trade settles. In this case, you would only start earning interest on that cash after it settles.
Eligible brokerage cash is settled, available cash that you have in your account that hasn’t yet been invested or spent.
You can find your Cash earning interest balance in the app in Account (person icon) → Menu (3 bars) → Investing → High-Yield Cash Program.
If you carry a margin debit balance, you won’t earn interest through this program because you need a cash balance. If you have a margin balance, there is no cash balance to earn interest. Additionally, if you’ve been flagged as a pattern day trader (PDT), you can still sign up for this program, but you won't be eligible to earn interest through the Cash Sweep Program or the Brokerage-Held Cash Program until your PDT flag is removed.
No, you’ll start earning interest on your first dollar. There’s also no maximum cash balance that you can earn interest on.
Yes, interest on your eligible brokerage cash will be compounded daily. Each day, you earn interest on your balance, and that earned interest itself also earns interest. Over time, your eligible brokerage cash multiplies and grows on its own. Compound interest is a powerful tool to help build and accumulate wealth over time. Interest is paid on a monthly basis.
You’ll be paid interest once a month on the last business day of the month, which will include interest through the end of the month. If the last day of the month falls on a non-business day, you'll be prepaid interest for those days on the last business day.
For example, if the last day of the month is a Sunday, that month’s interest will be paid on the previous Friday, along with what you would earn on Saturday and Sunday.
In rare cases, you may be paid interest early. This can happen if you leave the program or if you make multiple transactions in your account in a short period of time.
The following are our FDIC-insured program banks as of September 15, 2025 for the Cash Sweep Program. Keep in mind, Robinhood may change the network of program banks at any time. If a change is made, we’ll let you know in advance.
If you don’t want your cash to be swept to a specific bank, contact us. Keep in mind, you can ask to exclude a bank only after it’s been added.
Yes! Cash swept to program banks is available for withdrawing and investing through your taxable, self-directed investing account and the cash balance is visible in your account.
Similarly, the swept cash in all accounts managed by Robinhood Strategies is available for use in account management and the cash balance is visible in your account.
Eligible cash held in your investing accounts (cash intended for investing but not yet invested or spent) is eligible for protection by SIPC in the event of broker dealer failure. Funds in the Cash Sweep Program are swept to program banks, and are eligible for FDIC insurance.
Robinhood isn’t an FDIC-insured bank. FDIC insurance covers the failure of insured partner banks. Products other than the Cash Sweep Program are not insured by the FDIC, are not deposits, and may lose value. Conditions apply for FDIC pass-through deposit coverage.
Robinhood Financial LLC and Robinhood Securities, LLC are both members of SIPC, which protects securities and cash for customers of its members up to $500,000 (including a $2.5M limit for cash only) for each account type in the event of firm failure. For more details, check out How you’re protected.
Review the High-Yield Cash Program Agreement for more information.
*The hypothetical calculation shown is for illustrative purposes only and assumes the interest rate and balance do not change for the year. Actual amounts earned may vary.
All investing involves risk. The High-Yield Cash Program is an added feature to your Robinhood Financial LLC investing accounts. Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC.
Interest is earned on eligible cash in your investment account. The APY is 3.35% for Robinhood Gold members as of Feb 11, 2026. The APY might change at any time at Robinhood’s sole 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.
The High-Yield Cash Program is a required feature of your account managed by Robinhood Asset Management, LLC (“RAM” or “Robinhood Strategies”), an SEC-registered investment advisor. Robinhood Financial LLC (member SIPC) is a registered broker dealer. Robinhood Securities LLC (member SIPC) provides clearing services.