LogFAQs > #914061710

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Topic	Robinhood launches free 3% interest rate checking/savings accounts
Master_Bass 12/13/18 1:28:22 PM #9:	KILBOTz posted... Master_Bass posted... Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by the SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business. oh i didn't know they were SIPC insured, i thought they were basically some BS fly by night place, i tried finding their insurance but didn't on a quick google search. Yup, they mention it on their website. https://checking.robinhood.com --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:914061710] in Robinhood ... [t:77298662]...</cite> <quote><cite>KILBOTz posted...</cite> <quote><cite>Master_Bass posted...</cite> <quote>Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by the SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business.</quote> oh i didn't know they were SIPC insured, i thought they were basically some BS fly by night place, i tried finding their insurance but didn't on a quick google search.</quote> Yup, they mention it on their website. https://checking.robinhood.com --- Many Bothans died to bring you this post.</quote> ... Copied to Clipboard!
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