1% boost with Gold
Gold members who made eligible deposits and remain Gold members for 2 years got a 1% boost on deposits made between June 10, 2024 at 1 PM ET through November 25, 2024 at 6 PM ET. The 1% boost is yours to keep—use it to invest or earn 4.25% APY.
This perk ended at 6 PM ET on November 25, 2024.
The following deposit types were eligible for a boost on both individual and joint investing accounts:
Only eligible deposits made within the eligible dates qualified for the boost. Ineligible deposits include account transfers (ACATs in) or crypto deposits.
While deposits made during the eligible period were eligible for the boost, deposits made after that won’t earn the boost, and withdrawals and transfers will impact your boost.
If you withdraw assets from your account before the required 2-years, it’ll affect the remaining boost amount. Examples of will affect your boost include:
If you transfer money between your joint and individual accounts, your pending boost moves with the transfer, but your payout schedule resets to 24 months.
If you deposited $1,200 and were 12 months into your 24-month payout schedule, transferring the $1,200 to a joint account resets the remaining $6 of pending boost to be paid out over 24 months.
Each 1% boost is paid out over 24 months following an eligible deposit. Payouts typically occur on the last calendar day of the month:
Depending on your deposit date, payouts are spread over 24 or 25 months.
Moving money to other accounts, such as your spending account, crypto wallet, or IRAs will reduce your pending boost. If you withdraw money on Robinhood after you begin earning a boost, 1% of the amount withdrawn will be deducted from your pending boost.
If you transfer money between your joint and individual accounts, your pending boost will move with your transfer. Keep in mind that your payout schedule will reset back to 24 months.
For example, let’s say you deposit $1,200 and are 12 months into your 24-month payout schedule. If you transfer the $1,200 deposit to your joint account, the payout schedule will reset and your remaining $6 of pending boost will be paid out over 24 months.
To view your boost details:
If the tracker isn’t visible, filter your History by “Gold deposit boost” under Account (person) → Settings → History.
Example 1: Let’s say you made a $12,000 deposit on May 1st. You’d get $120 total, with $5 paid out monthly over the next 2 years (with no other activity).
Example 2: Continuing on the first example, let’s say after 6 months, you made another $2,400 in deposit on November 1st. You’d get another $24 paid out over 2 years, with $1/month. In total, you’d earn $144. Your new payout schedule is that you’ll get $6 a month for the next 18 months, then $1 a month for the last 6 months.
Example 3: Let’s say another 6 months passes and you made a withdrawal of $900 on May 1st. Your total boost potential would go down by $9 to $135.
At this point, $6,000 of your initial $12,000 deposit has vested with $6,000 still earning, and $600 of your second $2,400 deposit has vested with $1,800 still earning. Using last in, first out logic, the $900 you withdrew would be deducted from the $2,400 deposit, meaning $900 of the deposit is still earning over the remaining 18 months, at $0.50 per month. Your remaining payouts then are as follows: $5.50 per month for the next 12 months, then $0.50 per month for the last 6 months.
For a joint investing account, let’s say a co-owner deposited $10,000, which got a $100 boost over the next 2 years (~$4.17 a month). That same month, the other co-owner withdrew $1,000, which reduced the account balance to $9,000. The boost payout would drop to ~$3.75 a month for the remaining 2 years, regardless of which owner did either transaction.
The 1% boost promo ended on November 25, 2024. No new deposits are eligible for the boost after this date, but payouts from previously earned boosts will continue as scheduled.
No, the 1% boost promo ended on November 25, 2024. While you can no longer earn boosts on new deposits, any previously earned boosts will continue to be paid out over their original 24-month schedule.
Boosts earned before the promo ended will continue to be paid out monthly over the remaining months of their 24-month payout schedule. You can track these payouts in the Gold hub or your account settings.
After the perk ends, new deposits will no longer earn the boost.
Keep in mind, you’ll need to maintain positive net deposits to prevent withdrawals from impacting your boost payout.
Yes, once your boost payouts are received, they’re yours to keep. You can invest the payouts or use them to earn 4.25% APY on your uninvested brokerage cash.
If you cancel your Robinhood Gold membership, any pending boosts will be forfeited. However, you’ll keep all boost payouts already earned and deposited into your account.
Yes, boosts are treated as interest income and will be reported on your 1099-INT tax form. You can access your tax documents in the app when they become available. Check out How to access your tax documents for more information.
Review the Robinhood Gold Agreement for details.