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

Re:Robinhood launches 3% checking account by nodesocket on Thursday December 13, 2018 @03:56PM (#18676020)
Their FAQ states no caps, though it can vary depending on what the fed does with rates.

With the current 2 year treasury being 2.76%, they must making money on fees. I am seriously considering moving my savings from a Capital One money market account that earns 2% to this that earns 3%. That extra percent is decently significant.

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Re:Robinhood launches 3% checking account by theartfuldodger on Saturday December 15, 2018 @01:30PM (#18689630)
You should look into their recent problems. Locking option traders out of their accounts ( potentially millions lost)

They have no customer service and a decently easy collection of horror stories related to their lack of customer service.

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