Robinhood is once again trying its hand at banking. The stock trading app said Tuesday it was launching a new product, called Cash Management, to allow users to earn 2.05% interest on uninvested cash in their Robinhood accounts. The move comes 10 months after Robinhood’s efforts to offer checking and savings accounts failed after it wrongly assumed that cash in user accounts would be insured...
What Is The Information?
We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.
Daily news analysis
Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.
Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.
Get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.
What else is included in my subscription?
Tech Top 10 Mobile App
Our new app featuring summaries of the most important tech news curated by our team, a calendar, breaking news alerts and more.
Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.
Annual Subscriber only benefits:
Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.
Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.
Read this briefing for free.
Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.Subscribe