If you would like to sign up for Robinhood and get the cash management account, then use my referral to get a free stock!
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Nearly half a million people have signed up for Robinhood's new Cash Management Account. I unfortunately waited three days before logging in to the app to sign up for the account, and my place in line is about #175,000. Since I already had the account and this will be a free service, I see no reason to not get the account.
This cash management account as of today is promising to offer 2.05% APY with no maintenance fees, no minimum deposits, and a large network of free ATMs nationwide. It's sounds great as an option for a high-interest earning savings account comparable to Ally Bank, Wealthfront Bank, or PNC Bank.
After a couple days though, I noticed my place in line dropping. It was at this point I realized that Robinhood had gamified people waiting in line for their accounts by letting people tap up to 1000 times a day to jump places in line.
I think the accounts will not go online until January, so even if I tapped my phone a 1000 times a day for the next 70 days, I would not get in the top 100,000 people waiting for their cash management accounts.
Just a silly and fun thing they offered for people while we all wait!
#RobinhoodApp #RobinhoodCashManagement #RobinhoodGame
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Robinhood Cash Management Game - Can I Tap 175,000 times?
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