Bank of America Checking Account VS Robinhood Cash Management Account
We all work hard to earn money and save money for future needs. However, some banks have chosen to make us work for them! They charge high-interest rates when they loan us money and give very little interest when we give them our hard-earned money.
In this video, I share my views about the Bank of America Savings and Checking account in comparison to the new Robinhood Cash Management account with a focus on the interest rates they offer. I also showed the steps of setting up the account on Robinhood. It's mind-blowing that these "big" banks still offer very little interest when there are new generation banks that are offering decent returns on your money.
I am an advocate of letting our money work for us, by all means, there’s no amount of “free” money that is too little. For that reason, I will be closing my savings account and moving my money to a better account that yields more returns.
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