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Investing App Robinhood Is Offering Big Interest To Those Willing To Park Their Cash In Their Premium Gold Service
A leading stock and crypto trading platform is hoping to lure new users with a substantial offer
Regardless of your primary job, it seems that more and more, people have at least one side hustle to make additional money these days. In this age of rapidly advancing technology and price increases, cashflow is a must. Some of the easiest ways to earn extra cheddar are passive opportunities, including the 5% APY interest people can earn by parking their money in investing app Robinhood’s Gold suite.
In an effort to gain more customers, Robinhood (a platform to incest and trade in stocks and cryptocurrencies) has been sweetening the pot for those who sign up for Robinhood Gold, their premium subscription service. Costing $5 a month or $50 per year after an initial 30-day trial period, members get a number of juicy perks, not least of which is 5% APY interest on their uninvested cash (available as of June, 2024). Without Gold status, interest is paid at the rate of 0.01%
According to Motley Fool, Robinhood Gold offers these additional features:
Higher interest on uninvested cash
