Bankers Raise Concerns Over Robinhood’s New Saving Accounts

Bankers Raise Concerns Over Robinhood’s New Saving Accounts


Robinhood launched its 3% interest “checking and savings” accounts last week. With 3% well over the average rate offered by conventional banks and some key differentials in the insurance that protects investors in Robinhood’s new products, U.S banking organizations are speaking out. The new accounts from the trading platform, at first glance, appear to be

The post Bankers Raise Concerns Over Robinhood’s New Saving Accounts appeared first on CCN

Posted by Melanie Kramer on December 19, 2018 @ https://www.ccn.com/bankers-raise-concerns-over-robinhoods-new-saving-accounts/

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