Are the Robinhood Checking and Savings Accounts FDIC Insured?

Robinhood recently announced a spectacular deal on checking and savings accounts: 3% interest! This is a rate that beats most bank savings accounts as well as many bank-offered CD (Certificate of Deposit) interest rates. While the Robinhood accounts are not FDIC insured, they are SIPC insured. Although these insurances are not equivalent, they do offer … Read more