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Hopefully, 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 re
by brewdad 8y ago
Hopefully, 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.