1% boost with Gold | Robinhood

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.

Brokerage deposits eligible for a boost

  • Standard bank account transfers (originated ACH)
  • Wires in
  • Direct deposit (non-originated ACH)
  • Debit card transfers (including Apple Pay)
  • Request for Payment (ex. Zelle or PayPal transfer)
  • Transfers from spending account
  • Transfers from IRA account
Note

Only for net new, eligible deposits on Robinhood.

How my boost is paid

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

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 If you withdraw money on Robinhood after you begin earning a boost, 1% of the amount withdrawn will be deducted from your pending boost.

Withdrawals that will reduce your boost

  • Standard bank account withdrawals (originated ACH)
  • Crypto transfers out to wallet
  • Instant transfers
  • ACATs out
  • Movements to spending account
  • Movements to IRA account
  • Wire transfers out
  • Debit card funding
  • Assisted withdrawals

Track my boost

Go to the Gold hub in InvestingGold perks or Account (person) → SettingsRobinhood 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) → SettingsHistoryGold deposit boost filter.

Example

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.

FAQ

Can I invest my boost?

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.

What happens if I invest my boost and the asset’s value increases or decreases?

Your boost won’t be impacted.

How does Robinhood track my net deposits?

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.

Why didn’t I earn a boost when I made my first deposit on Gold?

If you’ve recently withdrawn money from your brokerage 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.

Why did I stop earning a boost even though I deposited money?

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 InvestingGold or Account (person icon) → SettingsGold.

What if I cancel my Robinhood Gold membership?

You’ll lose your pending boosts and future payouts. However, you’ll still keep the boost that you’ve already earned.

Why didn’t I get my boost back when I rejoined Gold?

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.

What’s the difference between earning a 1% bonus and 5% APY?

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.

How do I report the boost for tax purposes?

The boost is treated as interest on your 1099-INT. Check out How to access your tax documents for more information.

Terms and Conditions

Review the Robinhood Gold Agreement for details.

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Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

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RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.