Is Robinhood Gold Worth It?
BeatTheBush BeatTheBush
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 Published On Mar 30, 2023

Check out Webull http://bit.ly/2XwlcQ4 (affiliate link). They now have 5.0% APY on uninvested cash. No annual fee. Even 0.1% better than Robinhood GOLD.
Robinhood just released Robinhood Gold that costs $5/month feature various benefits. The most notable one is 4.4% APY interest which is one of the highest you can get in an investment account. However, this is NOT a savings account. The fact that it costs $5/month will mean it eats into the amount of interest you get and the amount you deposit in uninvested cash can offset this fee. Danger lays ahead because if you intend to keeping this money as uninvested cash, you could very well spend it when an investment opportunity pops up. This might cause you to use all of your cash or it could allow you to make rash decisions.

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