News for hackers. Stuff that matters.

A comment on Robinhood launches 3% checking account. Parent comment

Re:Robinhood launches 3% checking account by Someone1234 on Thursday December 13, 2018 @11:16AM (#18673436)
Where did you get the "So no coverage against, i.e. fire, flood, robbery or embezzlement" claim from? It isn't in [1] or [2] and contradicts this:

https://www.fool.com/investing/brokerage/2014/05/11/what-sip...

[ Parent | on HN ]
Re:Robinhood launches 3% checking account by intopieces on Thursday December 13, 2018 @10:54PM (#18678343)
From your link:

>SIPC does not protect customer funds placed with a broker-dealer just to earn interest.

In this case, doesn't that mean the people who just use Robinhood has a checking / savings account aren't covered?

[ Parent | on HN ]