Earn 3% on your money, don’t pay fees, and access over 75,000 free ATMs
Since 2015, we’ve focused on making the financial system work for everyone by offering commission-free investing in stocks, ETFs, options, and cryptocurrencies. Today, we’re furthering our mission to democratize America’s financial system by introducing Robinhood Checking & Savings. Currently, traditional checking and savings accounts cost more for people who make less, are riddled with unfair and hidden fees, and earn you minimal returns on your savings. We believe you should earn more on your money, and shouldn’t be charged fees to access it.
Robinhood Checking & Savings earns you 3% interest, the highest rate currently offered in the market, features no fees, access to over 75,000 free ATMs, 24/7 customer support, and a personalized debit card.
Earn 3% On Your Money – Seriously
The average annual interest rate you receive on a traditional savings account is 0.09% (FDIC). With Robinhood, you’ll earn 3% on your money in both Checking & Savings, and interest compounds and is paid out daily. That’s an extra $240 a year for the average American household with $8,000 in the bank (Federal Reserve).
You shouldn’t be charged fees to access, save, and invest your own money. Robinhood Checking & Savings has no minimum balance, no monthly fees, no overdraft fees, and no foreign transaction fees. With Robinhood Checking & Savings, you can save hundreds of dollars in fees.
Everything You Need
With Robinhood Checking & Savings you get a personalized debit card that can be used for free cash withdrawals at over 75,000 ATMs across the country. That’s more free ATMs than the five largest banks combined, with locations in major stores like Target, Walgreens, or 7-Eleven. You can also use the Robinhood app to find the closest free ATM, pay bills, deposit or mail checks, and chat with customer support 24/7.
All In One Place
Now, you can manage and invest your money in one place, and easily access all your finances from our new tab bar in the Robinhood app.
Get Early Access
Sign up for early access here and reserve your debit card in one of four designs. See your spot in line and invite your friends to Robinhood to move up the line and get access faster. We’ll begin sending invitations when your Robinhood debit card is ready to ship – starting January 2019.
With no minimum balance and no fees, getting started with Robinhood Checking & Savings is easy and won’t impact your credit score. Learn more here.
We’re excited to introduce Robinhood Checking & Savings to all of you and look forward to hearing what you think.
– Baiju & Vlad, Co-Founders and Co-CEOs