Tagged: sipc

Robinhood Backtracks on Checking & Savings Account Offerings Following Statement by SIPC

December 15, 2018 @ 8:40 am By JD Alois |

CI reported earlier this week that Robinhood, a Fintech that provides trading in both traditional and crypto assets and more, had announced new checking and savings accounts that would pay holders 3% interest. Even better, Robinhood stated that these accounts would be insured by the Securities… Read More

Read more in: Fintech, Investment Platforms and Marketplaces | Tagged robinhood, sipc

Not So Fast. Report Questions Robinhood’s Claim about Providing Access to SIPC Insured Savings & Checking Accounts

December 14, 2018 @ 4:30 pm By JD Alois |

Yesterday, CI reported that Fintech Robinhood had partnered with another firm to provide checking and savings accounts with a 3% annual interest. That, in itself, is pretty amazing as traditional banks are in the habit of not paying any interest at all in real terms… Read More

Read more in: Fintech | Tagged banking, perspective, robinhood, sipc