Is there a downside of keeping your money in the robinhood brokerage to get benefits of higher interest rates
What's the downside of putting a large part of your money in a robinhood brokerage account. If you would have to pick a high interest bank/account for earing high interest rates, which one will you pick , for example- unm vs robinhood brokerage account.
Fannie Mae rht345 Sep 6, 2023
What rate are you getting? Perhaps a CD at an online bank may be better for you as it'll give the high rate without the temptation to trade
Amazon rjeushzn Sep 6, 2023
Yeah, ur money is locked into robbingthehood and you arent getting the best interest rate
Robinhood ViyG35 Sep 6, 2023
Dm me
Qualcomm lgqui3gb Sep 6, 2023
Use webull
No downside as long as you aren’t tempted to trade. So do it on the website and never install that app