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Cash deposited in Robinhood's 3% checking and savings isn't insured, SIPC says

Cash in Robinhood's new checking and savings products that were rolled out this week is not insured by the Securities Investor Protection Cor.....»»

Category: topSource: usatodayDec 14th, 2018

Are the new Robinhood checking and savings products FIDC or SIPC insured?

Robinhood’s checking and savings features are not bank accounts, aren't FDIC-insured, but are backed by the SIPC. Here's what that.....»»

Category: topSource: usatodayDec 13th, 2018

Robinhood checking and savings: What we know about its relationship with SIPC, FDIC

Robinhood’s checking and savings features are not bank accounts, aren't FDIC-insured, or protected by the SIPC. Here's what th.....»»

Category: topSource: usatodayDec 14th, 2018

Robinhood says its new checking and savings accounts are insured. SIPC says not quite

The Securities Investor Protection Corp. sa.....»»

Category: topSource: latimesDec 14th, 2018

Questions About Robinhood"s New 3% Checking Referred to SEC

Robinhood just launched a checking and savings account with a 3% interest rate, but a key industry group has pushed back on its claims that the cash is insured up to $250,000......»»

Category: topSource: barronsDec 15th, 2018

Banks are paying customers to open savings and checking accounts. Here's how to sign up

Some are getting $100, $200, even more than $300 from their banks. Their secret? Free money promotions for opening savings and checking.....»»

Category: topSource: usatodayMar 26th, 2019

There's a spike in Americans stashing cash away in checking accounts

Americans are really into stashing away money in checking accounts these days. But why? Buzz60's Nathan Rousseau Sm.....»»

Category: topSource: usatodayApr 26th, 2018

How to find best interest rates on CDs, savings accounts

With interest rates rising, CDs and savings account yields are becoming more attractive. Cash accounts, long derided as 'trash,'' are mounting a comeback.  &.....»»

Category: topSource: usatodayJun 5th, 2018

Robinhood tempts savers with 3% interest on checking accounts — should consumers hand over their cash?

Wealthfront, Betterment, Qapital and SoFi are among the fintechs offering checking and savings products......»»

Category: topSource: marketwatchDec 14th, 2018

Robinhood Seeks to Take On the Banks With a 3% Rate, but There"s a Catch

The investing app is offering an above-market interest rate on savings and checking, but customers should understand that it is actually a cash management account......»»

Category: topSource: barronsDec 14th, 2018

Robinhood’s new checking accounts may not be insured after all

The Securities Investor Protection Corp. says Robinhood never contacted them about offering checking and savings accounts......»»

Category: topSource: marketwatchDec 15th, 2018

Robinhood appears in retreat as it pulls sign-up list for ‘cash management account’

Menlo Park-based Robinhood is no longer allowing users to sign up for its new cash management accounts, which were previously called checking and savings accounts before regulators got wind of the idea. Part of Robinhood’s app where people could.....»»

Category: topSource: bizjournalsDec 31st, 2018

Robinhood appears in retreat as it pulls sign-up list for cash management account

Menlo Park-based Robinhood is no longer allowing users to sign up for its new cash management accounts, which were previously called checking and savings accounts before regulators got wind of the idea. Part of Robinhood’s app where people could.....»»

Category: topSource: bizjournalsDec 31st, 2018

Robinhood appears in retreat as it pulls sign-up list for cash management account

Menlo Park-based Robinhood is no longer allowing users to sign up for its new cash management accounts, which were previously called checking and savings accounts before regulators got wind of the idea. Part of Robinhood’s app where people could.....»»

Category: topSource: bizjournalsDec 31st, 2018

Why MicroStrategy CEO Michael Saylor Bet Company Cash on Bitcoin—and Wants Other Corporations to Join In

Why one CEO bet company cash on the world's most popular cryptocurrency--and sees nothing .....»»

Category: topSource: timeApr 7th, 2021

I"m a former banker, and there are 6 reasons I keep most of my cash in a savings account instead of in checking

YINJIA PAN/Getty Images A checking account should be a stop for your money on its way to somewhere else, not a final destination. Putting money aside for a major purchase.....»»

Category: topSource: businessinsiderMay 7th, 2020

3 reasons to keep your cash in high-yield savings instead of checking

ilona titova/Getty Images.....»»

Category: topSource: businessinsiderMar 15th, 2020

I"m a former banker, and there are 5 reasons I keep most of my cash in a savings account instead of checking

YINJIA PAN/Getty Images Savings accounts generally come with higher interest rates than checking accounts, which earns you more on your balance. Saving for a major purchase in a high-yield savings account, such as a house or car.....»»

Category: topSource: businessinsiderFeb 4th, 2020

Labor Day: ATM's 50th birthday. A look back at how America learned to love cash machines

This Labor Day will mark the 50th anniversary of the ATM in the U.S. It debuted at a Chemi.....»»

Category: topSource: usatodayAug 30th, 2019

How ATMs changed how we carry cash

ATMs weren't always available on every street corner. Here's how t.....»»

Category: topSource: usatodayAug 30th, 2019

Pharma cash donations target 'vulnerable' lawmakers as industry tries to defend itself

Congress has a variety of reforms in mind that cou.....»»

Category: topSource: usatodayAug 26th, 2019