From Yahoo Finance: 2025-03-27 17:30:00

Robinhood is launching new banking products to compete with big banks, offering traditional checking and savings accounts with a 4% annual percentage yield for Gold service members. The company also promises cash delivery to your door for banking customers, aiming to be a one-stop wealth management destination. CEO Vlad Tenev mentioned exploring a bank charter in the future. Furthermore, Robinhood Strategies will provide wealth management services for Gold subscribers with a 0.25% annual fee. The company continues to introduce new products, including a prediction markets hub and Robinhood Legend for sophisticated traders.

Read more: Robinhood is taking on Bank of America, Citigroup, and JPMorgan