Due to issues with Robinhood referral spam, this is the one and only thread we are going to allow on this topic.
Robinhood is launching a new zero-fee checking and savings account feature.
- No monthly fees, no overdraft fees, no foreign transaction fees, and no minimum balance.
- 3% interest rate
- Mastercard debit card issued through Sutton Bank.
- Not a bank account, insured by the SIPC instead of the FDIC.
- Free access to 75,000 ATMs, many of which are located in such retailers as Target, Walgreens, and 7-Eleven.
- Signing up people now, but debit cards won't be active until January.
Articles:
https://techcrunch.com/2018/12/13/robinhood-free-checking-and-savings-accounts/
https://www.usatoday.com/story/money/2018/12/13/robinhood-savings-account-interest-rate/2300383002/
Please do not post a referral link or hint about referrals in this thread or you will be banned. We want to keep the subreddit free of spam and advice given for the wrong reason (i.e., self-benefit).
Submitted December 13, 2018 at 01:57PM by PersonalFinanceMods https://ift.tt/2PANsNp
