Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Finance - Investments > Non-Actuarial Personal Finance/Investing
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

DW Simpson Global Actuarial & Analytics Recruitment
Download our 2017 Actuarial Salary Survey
now with state-by-state salary information!


Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 12-13-2018, 10:35 AM
celalta's Avatar
celalta celalta is offline
Member
SOA
 
Join Date: Oct 2012
Studying for Health Foundations
Posts: 879
Default Robinhood getting into banking (3% interest, not teaser rate)

Quote:
Announcement from Robinhood today - https://www.cnbc.com/2018/12/13/robi...-accounts.html

"Popular stock trading app Robinhood, which disrupted Wall Street with zero-fee transactions, is taking aim at an even bigger market: banks.

The five-year old company unveiled "Robinhood Checking & Savings" on Thursday, which offers checking and savings accounts with no fees and pays an interest rate roughly thirty-times the national average. Customers will earn 3 percent annually on money in either accounts, paid out on a daily basis."

Thought the yield-chasers might be interested in knowing about this one - pretty good rate.
Saw this on another site today.

Here are some additional s of interest.

I've got a referral link, if anyone wants it, just PM me
__________________
P FM MFE VEEs MLC C FAP APC ASA
Reply With Quote
  #2  
Old 12-13-2018, 10:52 AM
d123454321 d123454321 is offline
Member
SOA
 
Join Date: Jan 2011
Posts: 1,116
Default

it's not FDIC insured. It's SIPC insured it seems. $250K cash for SIPC.

Last edited by d123454321; 12-13-2018 at 11:33 AM..
Reply With Quote
  #3  
Old 12-13-2018, 11:15 AM
therealsylvos's Avatar
therealsylvos therealsylvos is online now
Member
CAS
 
Join Date: Mar 2014
Posts: 17,130
Default

Quote:
Originally Posted by d123454321 View Post
it's not FDIC insured. It's SPIC insured it seems. $250K cash for SPIC.
Uh wrong acronym bro.
__________________
Quote:
Originally Posted by ao fan View Post
i like laying in the tube and pretending that i'm dead.
Reply With Quote
  #4  
Old 12-13-2018, 11:25 AM
panther panther is offline
Member
 
Join Date: Feb 2009
Posts: 4,509
Default

freud, or something
Reply With Quote
  #5  
Old 12-13-2018, 11:34 AM
d123454321 d123454321 is offline
Member
SOA
 
Join Date: Jan 2011
Posts: 1,116
Default

No just forgot if the adjective for the corp is before or after verb.

FDIC has it before, SIPC, has it after.
Reply With Quote
  #6  
Old 12-14-2018, 09:42 AM
panther panther is offline
Member
 
Join Date: Feb 2009
Posts: 4,509
Default

@julieverhage: Just got off the phone with the head of the SIPC and he says Robinhood never contacted him and he has serious concerns about this new product. Story coming soon

Bloomberg BusinessWeek reporter
Reply With Quote
  #7  
Old 12-14-2018, 11:58 AM
Transitive Tangerine's Avatar
Transitive Tangerine Transitive Tangerine is offline
Member
COPA
 
Join Date: Oct 2018
Studying for FAP (hehehe nice)
Posts: 1,034
Default

Quote:
Originally Posted by therealsylvos View Post
Uh wrong acronym bro.
lol
Reply With Quote
  #8  
Old 12-14-2018, 01:00 PM
IANAE IANAE is offline
Member
CAS AAA
 
Join Date: Oct 2017
Posts: 213
Default

Quote:
Originally Posted by panther View Post
@julieverhage: Just got off the phone with the head of the SIPC and he says Robinhood never contacted him and he has serious concerns about this new product. Story coming soon

Bloomberg BusinessWeek reporter
3% would be sweet, but...

SIPC Says It Has Serious Concerns About Robinhood's New Product
Reply With Quote
  #9  
Old 12-14-2018, 01:04 PM
redearedslider's Avatar
redearedslider redearedslider is offline
Member
CAS
 
Join Date: Oct 2015
Posts: 13,673
Default

Quote:
Originally Posted by panther View Post
@julieverhage: Just got off the phone with the head of the SIPC and he says Robinhood never contacted him and he has serious concerns about this new product. Story coming soon

Bloomberg BusinessWeek reporter
__________________
Quote:
Originally Posted by Abraham Weishaus View Post
ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
Reply With Quote
  #10  
Old 12-14-2018, 03:30 PM
celalta's Avatar
celalta celalta is offline
Member
SOA
 
Join Date: Oct 2012
Studying for Health Foundations
Posts: 879
Default

Quote:
Originally Posted by IANAE View Post
Just read this, and came here to share, thanks for being on top of it!
__________________
P FM MFE VEEs MLC C FAP APC ASA
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 05:27 PM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.41204 seconds with 11 queries