Can I earn interest on my cash holdings with Robinhood's cash sweep program?

3 answers

• Alam hussainMay 26, 2024 · a year ago
  Yes, Robinhood's cash sweep program allows you to earn interest on your cash holdings. When you have uninvested cash in your Robinhood account, it is automatically swept into program banks that pay you interest on your cash balance. The interest rate may vary depending on the program bank and market conditions. It's a convenient way to earn some extra income on your idle cash while it's waiting to be invested.
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• Contreras HarveyJun 27, 2023 · 2 years ago
  Absolutely! With Robinhood's cash sweep program, your uninvested cash is moved to program banks that offer interest on your cash balance. This allows you to earn a return on your idle cash while you're not actively trading. The interest rate may fluctuate based on market conditions and the specific program bank. It's a great way to make your cash work for you even when you're not actively investing.
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• sambhaji sawantOct 22, 2022 · 3 years ago
  Yes, you can earn interest on your cash holdings with Robinhood's cash sweep program. When your cash is not invested in stocks or other assets, it is automatically moved to program banks that offer interest on your cash balance. The interest rate may vary depending on the program bank and market conditions. It's a simple and hassle-free way to earn some extra income on your cash while it's waiting to be invested. Please note that this information is based on general knowledge and may not reflect the specific terms and conditions of Robinhood's cash sweep program.
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