This account has been around for ages; Schwab has one too. The difference here is Robinhood was offering a 3% interest rate without a balance limit, without an

This account has been around for ages; Schwab has one too. The difference here is Robinhood was offering a 3% interest rate without a balance limit, without any minimums or minimum activities (direct deposits, debit card purchases). That interest rate with no requirements was the selling point, nobody else offers that.