It's been nearly a year since the stock investment and cryptocurrency company Robinhood paused its launch of no-fees checking and savings accounts. It was forced to make changes after mistakenly claiming that its industry-leading 3% interest rates were insured by the SIPC. Now, Robinhood is finally announcing plans to move forward with a revamped version called Cash Management.
In lieu of a dedicated checking or savings account, Cash Management makes use of the funds already sitting within a user's main brokerage account that haven't yet been invested or spent.
Read MoreRobinhood announces new 'Cash Management' service with 2.05% interest on unspent brokerage funds was written by the awesome team at Android Police.
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