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Robinhood 3% interest rate on checkings and savings


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20 minutes ago, alpachinao said:

వీడు జెండా ఏతేయడు కదా మన దేశం లో లా చిట్ ఫండ్ లాగా

chances are there though SIPC protected... FDIC protected unte alochinchavachuuu

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3 minutes ago, Kalam_Youtheman said:

chances are there though SIPC protected... FDIC protected unte alochinchavachuuu

సరిగా అర్ధం కాలేదు , ఇప్పుడు వాడు SIPC protected ఆ , No FDIC ? which has potentially lift జెండా ? 

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Robinhood Financial is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.

So if you're really worried, you can contact SIPC to make sure they aren't outright lying about being covered, but otherwise you're insured up to $500k.

 

Covered upto $500K అంట ..so nenu oka $100K తీసేస్తే సేఫ్ ...@~`

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3 minutes ago, Hitman said:

సరిగా అర్ధం కాలేదు , ఇప్పుడు వాడు SIPC protected ఆ , No FDIC ? which has potentially lift జెండా ? 

Yes....

if they have potential why they didnt went for FDIC  approval. .... oka vela vellinaaa FDIC rejected emo...

first time I heard something like SIPC that too for banks so thats the red flag for me... emo my opinion

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1 hour ago, alpachinao said:

వీడు జెండా ఏతేయడు కదా మన దేశం లో లా చిట్ ఫండ్ లాగా

250k varaku federal govt di guaranteed.

 don’t deposit over 250k$.. u be alright 

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He is a stock broker so sipc insured and he is saying he will invest our deposits in stoc markets aa laabalatho manaki intrest isthaadu anta , idedho bombai la undhi adedho India lo fd better

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