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Re:Robinhood launches 3% checking account by sailfast on Thursday December 13, 2018 @11:26AM (#18673522)
Federal Reserve rates have been steadily increasing for awhile, and LIBOR is above 3% short term. If they use this depository capital influx to loan money to options / future traders on their own platform they'll make money, and they won't be paying it to other institutions.

30 year US treasuries are now also above 3%, and we may see that continue with shorter-term instruments so there's a hedge there as well.

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