Robinhood FDIC insurance upto 1.5 million anta.

[CherryGaru]

Ippude email vachindhi

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Because you are enrolled in our cash sweep program, you have up to $1.5 million in FDIC insurance on your brokerage cash through our program partner banks. The cash sweep program “sweeps” your cash to the banks, where it becomes eligible for FDIC insurance. Those partner banks include Goldman Sachs USA, Wells Fargo, Citibank, HSBC, Bank of Baroda, and U.S. Bank.

Your money is eligible for 6x the standard FDIC insurance because each of our 6 partner program banks carries up to $250,000 FDIC insurance (inclusive of deposits you may already hold at the bank in the same ownership capacity).

[veerigadu]

To attract big investors emoooo

[BommaliNinnodhala]

5 minutes ago, CherryGaru said:

Ippude email vachindhi

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Because you are enrolled in our cash sweep program, you have up to $1.5 million in FDIC insurance on your brokerage cash through our program partner banks. The cash sweep program “sweeps” your cash to the banks, where it becomes eligible for FDIC insurance. Those partner banks include Goldman Sachs USA, Wells Fargo, Citibank, HSBC, Bank of Baroda, and U.S. Bank.

Your money is eligible for 6x the standard FDIC insurance because each of our 6 partner program banks carries up to $250,000 FDIC insurance (inclusive of deposits you may already hold at the bank in the same ownership capacity).

Cash sweeps program is like 5$ per month?

[Pavanonline]

14 minutes ago, BommaliNinnodhala said:

Cash sweeps program is like 5$ per month?

No it's free. If you want more interest (1.5 vs 4.15) then you need to pay for Robinhood gold. It has other features as well. 

[JackSeal]

Betterment $2M individual and $4M joint account FDIC insured ani mail came.