10-Q, Member Exclusive
Robinhood unveils a 5% APY for Gold members, but how will users respond?
- Robinhood's recent move to challenge traditional banks includes its increased savings offering, a 5.0% APY for Robinhood Gold Members.
- The stock trading platform appears to be in a precarious balancing act, grappling with the escalation of deposit strategies while facing a decline in both transactions and monthly active users.