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Robinhood tempts savers with 3% interest on checking accounts — should consumers hand over their cash?It's not just Robinhood: Online investment firm Wealthfront plans to begin offering a beta version of checking and savings accounts in the first quarter of 2019 ZakSandeman Checking/savings are typically insured by the FDICgov. As far as I can tell, this offering is not FDIC insured as it isn't a traditional banking account. sipc has indicated that it may not be protected either. Be careful. Robin Hood has now created a dubious event in their nascent history..... seems like they need more adults in the room asking qs and vetting ideas before announcing an half baked thought.
Source: MarketWatch - 🏆 3. / 97 Read more »
Wealthfront joins the battle for deposits with a high-yield cash accountWealthfront joins the battle for deposits with launch of a high-yield cash account I must be failing to understand something. How does the Wealthfront scheme differ from the Marcus account I have paying, actually, a little higher rate?
Source: CNBC - 🏆 12. / 72 Read more »
Apple's new Apple Card credit card doesn't have any hidden fees or late-payment chargesThe credit card also touts a rewards program called Daily Cash, where users get 2% cash back when using Apple Pay, and 3% cash back when buying directly from Apple. What you buy, when and where you buy it. Primary research on steroids AppleEvent
Source: BusinessInsider - 🏆 729. / 51 Read more »