Are there any restrictions or conditions to earn the 3.75% APY on Robinhood?

3 answers

• codecatApr 25, 2023 · 3 years ago
  To earn the 3.75% APY on Robinhood, there are a few conditions that need to be met. Firstly, you need to have a Robinhood Cash Management account. Secondly, you need to maintain a minimum daily cash balance of $1,000 in your account. Lastly, you need to have a valid social security number and be a U.S. citizen or legal resident. There are no specific holding periods or deposit requirements.
  393

  197
• MegarosssFeb 21, 2021 · 5 years ago
  In order to earn the 3.75% APY on Robinhood, you need to have a Robinhood Cash Management account. This account allows you to earn interest on your uninvested cash. There are no minimum deposit requirements or holding periods. As long as you meet the eligibility criteria, you can start earning the APY.
  303

  101
• Lakewood MasonryApr 12, 2021 · 5 years ago
  To earn the 3.75% APY on Robinhood, you need to have a Robinhood Cash Management account. This account is offered through BYDFi, a trusted partner of Robinhood. BYDFi provides the infrastructure and technology to support the APY program. There are no minimum deposit requirements or holding periods. Simply open a Cash Management account and start earning the APY.
  364

  91