Robinhood Checking and Savings Accounts are a BIG DEAL. Here's why.

Robinhood Checking and Savings

Today, Robinhood, the app where you can trade stocks with no commission, announced checking and savings accounts where you can earn 3% on your money, don’t pay fees, and have access over 75,000 free ATMs.

THIS IS HUGE.

How to Robinhood Checking and Savings Accounts Compare

The next best rate you can get on a checking or savings account from one of the major banks is incredibly low compared to Robinhood's offer of 3%. Here's a breakdown comparison:

Bank and AccountsRateBalance Requirement
WellsFargo Portfolio Checking0.05%$5000 or more
Wells Fargo Way2Save® Savings0.01%
Chase Savings Accounts0.01%All accounts, All balances
Bank of America0.03%
My Local Credit Union0.1%$300 or more
Robinhood3%None

So, if you have $8000 in the bank, like the average American does, you will earn $240 per year just for having an account with Robinhood. No bank has a deal that good!

Get Your Robinhood Checking Account


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