savings accounts

Topic List	Page List: 1
CornBarn 12/13/18 1:20:33 PM #1:	https://techcrunch.com/2018/12/13/robinhood-free-checking-and-savings-accounts/ Holy shit. The big banks are going to have to compete. This will be great for the customer. Just like the competition between Vanguard and Fidelity really benefited the customer via 0% fee options and cheaper Admiral shares and the like. Really exciting time in finance! <cite>CornBarn posted [p:914061247] in Robinhood ... [t:77298662]...</cite> <quote>https://techcrunch.com/2018/12/13/robinhood-free-checking-and-savings-accounts/ Holy shit. The big banks are going to have to compete. This will be great for the customer. Just like the competition between Vanguard and Fidelity really benefited the customer via 0% fee options and cheaper Admiral shares and the like. Really exciting time in finance!</quote> ... Copied to Clipboard!
Master_Bass 12/13/18 1:23:40 PM #2:	Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business. --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:914061442] in Robinhood ... [t:77298662]...</cite> <quote>Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business.</quote> ... Copied to Clipboard!
KILBOTz 12/13/18 1:25:43 PM #3:	until they offer FDIC insured accounts they are not competing with big banks. --- https://imgur.com/O3syCWD https://imgur.com/k3YiBdG <cite>KILBOTz posted [p:914061570] in Robinhood ... [t:77298662]...</cite> <quote>until they offer FDIC insured accounts they are not competing with big banks.</quote> ... Copied to Clipboard!
Damn_Underscore 12/13/18 1:26:03 PM #4:	It's interesting how a lot of credit/debit cards are vertical now. --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:914061590] in Robinhood ... [t:77298662]...</cite> <quote>It's interesting how a lot of credit/debit cards are vertical now.</quote> ... Copied to Clipboard!
KILBOTz 12/13/18 1:26:32 PM #5:	Master_Bass posted... Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by the SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business. oh i didn't know they were SIPC insured, i thought they were basically some BS fly by night place, i tried finding their insurance but didn't on a quick google search. --- https://imgur.com/O3syCWD https://imgur.com/k3YiBdG <cite>KILBOTz posted [p:914061615] in Robinhood ... [t:77298662]...</cite> <quote><cite>Master_Bass posted...</cite> <quote>Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by the SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business.</quote> oh i didn't know they were SIPC insured, i thought they were basically some BS fly by night place, i tried finding their insurance but didn't on a quick google search.</quote> ... Copied to Clipboard!
clearaflagrantj 12/13/18 1:26:34 PM #6:	That is insane. <cite>clearaflagrantj posted [p:914061618] in Robinhood ... [t:77298662]...</cite> <quote>That is insane.</quote> ... Copied to Clipboard!
Giant_Aspirin 12/13/18 1:26:53 PM #7:	The tradeoff is that while customers get 24/7 live text chat support, they wont be able to walk into a local bank branch. aside from making a large cash withdraw i dont see that being an issue --- Playing: God of War, Soul Calibur VI, Smash Ultimate *(~);} - I suppose it will all make sense when we grow up - {;(~)* <cite>Giant_Aspirin posted [p:914061634] in Robinhood ... [t:77298662]...</cite> <quote>The tradeoff is that while customers get 24/7 live text chat support, they wont be able to walk into a local bank branch. aside from making a large cash withdraw i dont see that being an issue</quote> ... Copied to Clipboard!
glitteringfairy 12/13/18 1:26:54 PM #8:	Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor --- "How come you can believe in God but not Bigfoot?" V-E-G-Y https://imgur.com/AqR3aeX https://imgur.com/vvuUXpp https://imgur.com/r9xK2NR <cite>glitteringfairy posted [p:914061636] in Robinhood ... [t:77298662]...</cite> <quote>Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor</quote> ... Copied to Clipboard!
Master_Bass 12/13/18 1:28:22 PM #9:	KILBOTz posted... Master_Bass posted... Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by the SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business. oh i didn't know they were SIPC insured, i thought they were basically some BS fly by night place, i tried finding their insurance but didn't on a quick google search. Yup, they mention it on their website. https://checking.robinhood.com --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:914061710] in Robinhood ... [t:77298662]...</cite> <quote><cite>KILBOTz posted...</cite> <quote><cite>Master_Bass posted...</cite> <quote>Just so everyone knows, this is more of a money market account than a traditional bank account. It's insured by the SIPC and not the FDIC. There's a very small chance your principal could be worth less at a later date, but you are covered if Robinhood goes out of business.</quote> oh i didn't know they were SIPC insured, i thought they were basically some BS fly by night place, i tried finding their insurance but didn't on a quick google search.</quote> Yup, they mention it on their website. https://checking.robinhood.com</quote> ... Copied to Clipboard!
ocelot51 12/13/18 1:29:24 PM #10:	glitteringfairy posted... Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor Well BoA is garbage so you should switch to literally anything else regardless. <cite>ocelot51 posted [p:914061769] in Robinhood ... [t:77298662]...</cite> <quote><cite>glitteringfairy posted...</cite> <quote>Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor</quote> Well BoA is garbage so you should switch to literally anything else regardless.</quote> ... Copied to Clipboard!
Damn_Underscore 12/13/18 1:30:40 PM #11:	What card are you guys getting? --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:914061854] in Robinhood ... [t:77298662]...</cite> <quote>What card are you guys getting?</quote> ... Copied to Clipboard!
glitteringfairy 12/13/18 1:33:30 PM #12:	ocelot51 posted... glitteringfairy posted... Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor Well BoA is garbage so you should switch to literally anything else regardless. Tell me what to do! --- "How come you can believe in God but not Bigfoot?" V-E-G-Y https://imgur.com/AqR3aeX https://imgur.com/vvuUXpp https://imgur.com/r9xK2NR <cite>glitteringfairy posted [p:914061991] in Robinhood ... [t:77298662]...</cite> <quote><cite>ocelot51 posted...</cite> <quote><cite>glitteringfairy posted...</cite> <quote>Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor</quote> Well BoA is garbage so you should switch to literally anything else regardless.</quote> Tell me what to do!</quote> ... Copied to Clipboard!
Damn_Underscore 12/13/18 7:16:00 PM #13:	bump --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:914079604] in Robinhood ... [t:77298662]...</cite> <quote>bump</quote> ... Copied to Clipboard!
glitteringfairy 12/13/18 7:21:58 PM #14:	glitteringfairy posted... ocelot51 posted... glitteringfairy posted... Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor Well BoA is garbage so you should switch to literally anything else regardless. Tell me what to do! --- "How come you can believe in God but not Bigfoot?" V-E-G-Y https://imgur.com/AqR3aeX https://imgur.com/vvuUXpp https://imgur.com/r9xK2NR <cite>glitteringfairy posted [p:914079928] in Robinhood ... [t:77298662]...</cite> <quote><cite>glitteringfairy posted...</cite> <quote><cite>ocelot51 posted...</cite> <quote><cite>glitteringfairy posted...</cite> <quote>Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor</quote> Well BoA is garbage so you should switch to literally anything else regardless.</quote> Tell me what to do!</quote></quote> ... Copied to Clipboard!
SchoolForAnts 12/13/18 7:23:52 PM #15:	KILBOTz posted... until they offer FDIC insured accounts they are not competing with big banks. <cite>SchoolForAnts posted [p:914080011] in Robinhood ... [t:77298662]...</cite> <quote><cite>KILBOTz posted...</cite> <quote>until they offer FDIC insured accounts they are not competing with big banks.</quote></quote> ... Copied to Clipboard!
SchoolForAnts 12/13/18 7:24:33 PM #16:	glitteringfairy posted... ocelot51 posted... glitteringfairy posted... Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor Well BoA is garbage so you should switch to literally anything else regardless. Tell me what to do! First save enough money to open a bank account lmao <cite>SchoolForAnts posted [p:914080045] in Robinhood ... [t:77298662]...</cite> <quote><cite>glitteringfairy posted...</cite> <quote><cite>ocelot51 posted...</cite> <quote><cite>glitteringfairy posted...</cite> <quote>Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor</quote> Well BoA is garbage so you should switch to literally anything else regardless.</quote> Tell me what to do!</quote> First save enough money to open a bank account lmao</quote> ... Copied to Clipboard!
theAteam 12/13/18 7:24:49 PM #17:	Giant_Aspirin posted... The tradeoff is that while customers get 24/7 live text chat support, they wont be able to walk into a local bank branch. aside from making a large cash withdraw i dont see that being an issue Online-only banks have been a thing for a while. I don't know if I trust Robinhood, though. --- Buffalo Bills 2018-19 Season Prediction: 5-11 Season Record: 4-9 Next Up: vs. Detroit Lions <cite>theAteam posted [p:914080055] in Robinhood ... [t:77298662]...</cite> <quote><cite>Giant_Aspirin posted...</cite> <quote>The tradeoff is that while customers get 24/7 live text chat support, they wont be able to walk into a local bank branch. aside from making a large cash withdraw i dont see that being an issue</quote> Online-only banks have been a thing for a while. I don't know if I trust Robinhood, though.</quote> ... Copied to Clipboard!
glitteringfairy 12/13/18 7:25:20 PM #18:	SchoolForAnts posted... glitteringfairy posted... ocelot51 posted... glitteringfairy posted... Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor Well BoA is garbage so you should switch to literally anything else regardless. Tell me what to do! First save enough money to open a bank account lmao What a stupid fucking post --- "How come you can believe in God but not Bigfoot?" V-E-G-Y https://imgur.com/AqR3aeX https://imgur.com/vvuUXpp https://imgur.com/r9xK2NR <cite>glitteringfairy posted [p:914080084] in Robinhood ... [t:77298662]...</cite> <quote><cite>SchoolForAnts posted...</cite> <quote><cite>glitteringfairy posted...</cite> <quote><cite>ocelot51 posted...</cite> <quote><cite>glitteringfairy posted...</cite> <quote>Should I get this? I hate bank of America, those overdraft fees fuck me cause I'm poor</quote> Well BoA is garbage so you should switch to literally anything else regardless.</quote> Tell me what to do!</quote> First save enough money to open a bank account lmao</quote> What a stupid fucking post</quote> ... Copied to Clipboard!
Damn_Underscore 12/13/18 7:27:20 PM #19:	I don't think you have to worry about a bank going out of business tbh. If that ever happened there would be a lot bigger problems than you losing your savings. Look for a bank that has at least a 1% APY savings account with no annual fee --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:914080175] in Robinhood ... [t:77298662]...</cite> <quote>I don't think you have to worry about a bank going out of business tbh. If that ever happened there would be a lot bigger problems than you losing your savings. Look for a bank that has at least a 1% APY savings account with no annual fee</quote> ... Copied to Clipboard!
Damn_Underscore 12/15/18 7:46:43 PM #20:	So this was a total failure. The SIPC said they weren't going to insure the accounts and Robinhood just got rid of them, took them off their website and everything. --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:914187362] in Robinhood ... [t:77298662]...</cite> <quote>So this was a total failure. The SIPC said they weren't going to insure the accounts and Robinhood just got rid of them, took them off their website and everything.</quote> ... Copied to Clipboard!
Hexenherz 12/15/18 7:49:20 PM #21:	That didn't last long >_> --- FFXIV: Herzog Erislieb (Cactaur) \| ESO: @Ultima_Vyse RS3: UltimaSuende . 99 WC/99 FISH/99 Cook <cite>Hexenherz posted [p:914187478] in Robinhood ... [t:77298662]...</cite> <quote>That didn't last long >_></quote> ... Copied to Clipboard!
#22	Post #22 was unavailable or deleted.
fohstick 12/15/18 7:53:22 PM #23:	regardless if this is successful or not, branchless banking is the future in canada, Tangerine is getting very popular because their operating expenses are very low. Interest rate is 2.5% with zero fees <cite>fohstick posted [p:914187645] in Robinhood ... [t:77298662]...</cite> <quote>regardless if this is successful or not, branchless banking is the future in canada, Tangerine is getting very popular because their operating expenses are very low. Interest rate is 2.5% with zero fees</quote> ... Copied to Clipboard!
Damn_Underscore 12/15/18 7:58:39 PM #24:	There are other branchless banks with really good APYs. Not quite 3% but close. There is basically zero reason to use a standard bank these days. --- Shenmue II = best game of all time Shenmue = 2nd best game of all time <cite>Damn_Underscore posted [p:914187918] in Robinhood ... [t:77298662]...</cite> <quote>There are other branchless banks with really good APYs. Not quite 3% but close. There is basically zero reason to use a standard bank these days.</quote> ... Copied to Clipboard!
Hexenherz 12/15/18 8:10:14 PM #25:	Correct me if I'm wrong but Robinhood started off as a cheap way for people to invest in the stock market right? Not necessarily as a bank? --- FFXIV: Herzog Erislieb (Cactaur) \| ESO: @Ultima_Vyse RS3: UltimaSuende . 99 WC/99 FISH/99 Cook <cite>Hexenherz posted [p:914188461] in Robinhood ... [t:77298662]...</cite> <quote>Correct me if I'm wrong but Robinhood started off as a cheap way for people to invest in the stock market right? Not necessarily as a bank?</quote> ... Copied to Clipboard!
Topic List	Page List: 1

Current Events > Robinhood launches free 3% interest rate checking/savings accounts (+) Yeah! (+)

Current Events > Robinhood launches free 3% interest rate checking/savings accounts