1% boost with Gold
Gold members who make a new, eligible deposit and remain a Gold member for 2 years get a 1% boost on deposits. There’s no limit on how much you can earn!
After you get your 1% boost, it’s yours to keep—use it to invest or earn 5% APY.
You can earn the boost on both your individual and joint investing accounts with these eligible deposits:
Only for net new, eligible deposits on Robinhood.
Each 1% boost is paid out over 24 months following an eligible deposit. Most payouts happen on the last calendar day of the month. If you make a deposit before the last 5 days of the month, then the first payout will be on the last calendar day of that month, or when the deposit settles, whichever is later. If you make a deposit within the last 5 days of the month, your first payout will be bundled with the following month’s payout.
Overall, you’ll get 24 or 25 monthly payouts. If you make your deposit on the first day of the month or the last 5 days of the month, you’ll get 24 equal monthly payouts. If you make your deposit on other days of the month, then you’ll get 25 monthly payouts with the first and last month prorated.
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 If you withdraw money on Robinhood after you begin earning a boost, 1% of the amount withdrawn will be deducted from your pending boost.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.
Go to the Gold hub in Investing → Gold perks or Account (person) → Settings → Robinhood Gold. Select 1% deposit boost row of the tracker to view how much you’ve earned, what’s pending, upcoming payouts, and boost history.
If you don’t see a deposit tracker, you can track your boost activity directly from your history by going to Account (person) → Settings → History → Gold deposit boost filter.
Example 1: Let’s say you make a $12,000 deposit on May 1st. You’ll 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 make another $2,400 in deposit on November 1st. You’ll get another $24 paid out over 2 years, with $1/month. In total, you’ll 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 make a withdrawal of $900 on May 1st. Your total boost potential will 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 withdraw will 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 deposits $10,000, which gets a $100 boost over the next 2 years (~$4.17 a month). That same month, the other co-owner withdraws $1,000, which reduces the account balance to $9,000. The boost payout will drop to ~$3.75 a month for the remaining 2 years, regardless of which owner does either transaction.
Yes! You’ll be rewarded for bringing and keeping money on Robinhood, whether it’s held as cash or invested. Once you earn your boost, it’s yours to keep—you can invest it or use it to earn 5% APY.
Your boost won’t be impacted.
We continue to track net deposits activity even when you’re not a Gold member. If you rejoin Gold and had more withdrawals than deposits since when you first started earning a boost, you need to deposit more in order to start earning again, otherwise you start at $0.
If you’ve recently withdrawn money from your individual or joint investing account, you may get none or only part of your first 1% boost. This perk is intended to reward Gold customers for bringing net new deposits to Robinhood. Keep depositing to earn a 1% boost on your future deposits. Review the terms and conditions for details.
It means you’ve withdrawn more money than you’ve deposited. Keep in mind the 1% boost is based on your net deposit activity. You can see your history of deposits and withdrawals in the Gold hub in Investing → Gold or Account (person icon) → Settings → Gold.
You’ll lose the part of your boost that’s still pending, but keep the payouts you’ve already earned, as shown in your account history.
When you cancel Gold, your pending boosts are lost. This is the case even if you cancel and sign up for Gold again (unless you rejoin within your current billing cycle). Your boosts don’t resume, but you can deposit to start earning a boost again.
5% APY is interest-based on your brokerage cash balance, 1% bonus is a boost on new deposits you’re bringing in. You can hold your boost to earn 5% APY or invest it! While brokerage cash must be uninvested to earn APY, new deposits can earn a 1% boost even when they're invested. Check out Brokerage sweep program for more information.
The boost is treated as interest on your 1099-INT. Check out How to access your tax documents for more information.
Review the Robinhood Gold Agreement for details.