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Get Ready for Cash Management

*Cash management is an added feature to your Robinhood Financial LLC brokerage account. The Annual Percentage Yield (APY) is 2.05% paid by program banks as of October 8, 2019. APY might change at any time at the program banks’ discretion.

This is inclusive of deposits you may already hold at the Program Banks in the same ownership capacity. FDIC insurance is not provided until the money arrives at the Program Banks. For more information on FDIC insurance coverage, please visit Customers are solely responsible for monitoring their total deposits at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at the Program Banks are not covered by SIPC.

Other fees, Gold fees, and third party fees may apply to your brokerage account. See our fee schedule.

Neither Robinhood Financial LLC nor any of its affiliates are banks. The debit card is issued by Sutton Bank, member FDIC, pursuant to license by Mastercard® International Incorporated.

Joining the waitlist for Cash Management is defined as signing up with a valid email address for a spot in Robinhood Financial’s waitlist queue for Cash Management. If you do not have a brokerage account through Robinhood Financial, joining the waitlist for Cash Management should in no way be construed as confirmation that a brokerage account with Robinhood Financial has been opened or will even be approved for opening.

Robinhood Financial LLC is a wholly-owned subsidiary of Robinhood Markets, Inc.

Robinhood Financial LLC member SIPC and FINRA.