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If RobinHood's MBAs are about to learn a lesson of what a fatwallet/slickdeals effect is.
by notyourday 8y ago
If RobinHood's MBAs are about to learn a lesson of what a fatwallet/slickdeals effect is.
- brewdad 8y agoHopefully, they've already added some fine print, or will shortly. I've seen other banks be successful with this high interest strategy but every one of them requires 12-20 debit transactions per month in order to receive the high rate. If Robinhood allows users to simply park their money, they could be in for a world of hurt.
- jcfrei 8y agoMy thoughts exactly. This looks like a good deal for people who would alternatively invest in money market funds. I bet they have an account cap or tiered rates.