Is Robinhood Gold Worth It? (3.75% Interest On Your Cash)

I almost fell out of my computer chair when I saw Robinhood was offering 3.75% interest on my cash balance. I couldn’t believe how high that was, but it’s been a while since I looked into the best interest rates on savings accounts.

Although most interest rates are in the threes, not many are as high as 3.75%.

So should you sign up for Robinhood Gold?

Let’s take a deeper dive into this promotion.

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What’s Robinhood Gold?

Robinhood Gold is a suite of powerful tools, data, and features designed to take your investing to the next level.


  • 3.75% interest on your cash: Earn more interest on your uninvested cash. There’s no cap, and you can withdraw anytime.
  • You can try Robinhood Gold for free for your first 30 days.
  • Margin investing at 6.5%: Borrow money to increase your buying power, if eligible. (10.5% without Gold)*
  • More Enormous Instant Deposits: Get up to $50K of your deposits instantly to jump on investment opportunities faster.
  • Advanced market data: Keep tabs on the price movement of stocks and ETFs with Level II market data from Nasdaq.


  • $5 monthly fee
  • If you use margin investing during your trial period, you’ll be charged 6.5% yearly interest on any amount you borrow over $1,000.
  • Therefore, customers who carry a margin balance will not earn interest
  • Interest rates for cash sweep and margin investing can change at any time.

How do I upgrade to Gold?

You can upgrade to Robinhood Gold from any platform, whether signing up for the first time or resubscribing.

How do I downgrade from Gold?

You can end your Robinhood Gold subscription by going to the Robinhood Gold section of your account settings and tapping Cancel your membership. If you downgrade, you will immediately lose access to the premium features.

Other Options

  1. Capital One 360 Performance Savings Account
  2. Lending Club High Yield Savings Account
  3. Barclays Online Savings Account

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