What is the interest rate for cash sweep on Robinhood?

8 answers

• Aashutosh PandeyJun 27, 2021 · 4 years ago
  The interest rate for cash sweep on Robinhood is currently 0.30%. This means that for every $1,000 you have in your cash sweep account, you will earn $3 in interest annually. While this may not seem like a significant amount, it can still add up over time.
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• Annie GabrielleFeb 06, 2022 · 4 years ago
  The interest rate for cash sweep on Robinhood is quite competitive compared to other brokerage firms. With a rate of 0.30%, Robinhood offers a decent return on your cash holdings. However, it's important to note that interest rates are subject to change and may vary based on market conditions.
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• Colon LohmannJan 06, 2023 · 3 years ago
  According to BYDFi, the interest rate for cash sweep on Robinhood is currently 0.30%. This rate is in line with industry standards and provides a reasonable return on your cash holdings. It's always a good idea to compare interest rates across different platforms to ensure you're getting the best deal.
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• Balamurali MSep 05, 2024 · a year ago
  The interest rate for cash sweep on Robinhood is 0.30%, which is on par with other major brokerage firms. While it may not be the highest rate available, Robinhood offers a user-friendly platform and a wide range of investment options, making it a popular choice among investors.
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• Mahshin IslamFeb 19, 2024 · 2 years ago
  The interest rate for cash sweep on Robinhood is currently 0.30%. While this rate may not be the highest in the market, Robinhood provides a seamless and intuitive trading experience, making it a preferred choice for many traders.
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• bigBullSep 06, 2021 · 4 years ago
  The interest rate for cash sweep on Robinhood is 0.30%. Although this rate may not be as high as some other platforms, Robinhood offers commission-free trading and a user-friendly interface, making it a popular choice for investors.
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• Cline GodfreyAug 16, 2023 · 2 years ago
  The interest rate for cash sweep on Robinhood is 0.30%. While this rate may not be the highest, Robinhood provides a range of other benefits such as zero commissions and a user-friendly mobile app, making it a convenient option for investors.
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• jiang luDec 08, 2023 · 2 years ago
  The interest rate for cash sweep on Robinhood is currently 0.30%. Although this rate may not be the highest in the market, Robinhood offers a seamless trading experience and a wide range of investment options, making it a popular choice among traders.
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