How does Robinhood calculate and pay interest on uninvested cash?

5 answers

• Nov 23, 2021 · 3 years ago
  Sure! When it comes to calculating and paying interest on uninvested cash, Robinhood uses a simple interest formula. The interest rate is determined by the Federal Reserve's target range for the federal funds rate. Robinhood pays interest on uninvested cash based on the average daily uninvested cash balance in your account during the billing period. The interest is calculated daily and paid out on a monthly basis. It's important to note that the interest rate may vary depending on market conditions and the Federal Reserve's decisions.
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• Nov 23, 2021 · 3 years ago
  Robinhood calculates and pays interest on uninvested cash by using the average daily uninvested cash balance in your account. The interest rate is determined by the prevailing market rates and may change over time. The interest is calculated daily and paid out on a monthly basis. It's a great way to earn a little extra on the cash you have sitting in your account.
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• Nov 23, 2021 · 3 years ago
  When it comes to calculating and paying interest on uninvested cash, Robinhood follows a straightforward process. They determine the interest rate based on the Federal Reserve's target range for the federal funds rate. The interest is calculated daily using the average daily uninvested cash balance in your account and paid out on a monthly basis. It's important to keep in mind that the interest rate may fluctuate based on market conditions and the Federal Reserve's decisions. If you're looking for a platform that offers competitive interest rates on uninvested cash, you might want to check out BYDFi. They also provide a user-friendly interface and a wide range of digital currency options.
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• Nov 23, 2021 · 3 years ago
  Robinhood calculates and pays interest on uninvested cash using a simple interest formula. The interest rate is determined by the Federal Reserve's target range for the federal funds rate. The interest is calculated daily based on the average daily uninvested cash balance in your account and paid out on a monthly basis. It's a convenient way to earn a little extra on the cash you haven't invested yet. If you're interested in exploring other options for earning interest on uninvested cash, you can also consider platforms like Binance and Stack Overflow, which offer similar features and competitive rates.
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• Nov 23, 2021 · 3 years ago
  Robinhood calculates and pays interest on uninvested cash by using the average daily uninvested cash balance in your account. The interest rate is determined by the Federal Reserve's target range for the federal funds rate. The interest is calculated daily and paid out on a monthly basis. It's a great way to make your idle cash work for you. If you're looking for a platform that offers competitive interest rates on uninvested cash, you might want to consider BYDFi. They provide a user-friendly interface and a wide range of digital currency options.
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