In this video, I discuss the Robinhood cash sweep program, which allows you to earn 1.5% or 4.65% APY on your uninvested cash. I also cover how to sign up for the program, how it works, and whether it is safe.
Here are some of the key points from the video:
- The Robinhood cash sweep program allows you to earn interest on your uninvested cash by depositing it into multiple financial institutions.
- The current APY for the program is 1.5% for non-Robinhood Gold members and 4.65% for Robinhood Gold members.
- To sign up for the program, you simply need to go to your Robinhood account and enable the cash sweep feature.
- Your uninvested cash will be swept into multiple financial institutions, each of which is FDIC insured up to $250,000.
- The interest you earn on your cash is paid out monthly.
I believe that the Robinhood cash sweep program is a great way to earn a little extra money on your uninvested cash. It is easy to sign up for and use, and your money is safe.
If you are interested in learning more about the Robinhood cash sweep program, I encourage you to watch my video. I also provide a link to the Robinhood website in the video description so that you can sign up for the program yourself.
Thanks for watching!
CHAPTERS:
0:00 What is Robinhood Cash Sweep Program
0:51 How to Sign up for cash sweep program
2:26 Can you use your money when in cash sweep program
2:56 Is It safe to use cash sweep program
5:05 Is it worth signing up for cash sweep program
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Disclaimer: The content of this video is intended for informational and entertainment purposes only and should not be construed as financial, legal, or any other form of professional advice. It is crucial that you conduct your own research and exercise caution while considering any actions based on the information provided. The accuracy of the information presented in this video is as precise as possible at the time of recording; however, it may become outdated in the future.
Please note that certain links included in the video description may be affiliate links, which means I may earn a small commission if you choose to use them. Rest assured, this will not incur any additional costs for you. Your support through these links would be sincerely appreciated and contribute to the continued development of this channel.
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