Earn Up to $1250 with New Robinhood Account
Robinhood has launched a new promotion with a cash bonus of up to $1,250 for opening a new account. The bonus amount is based on how much you deposit and maintain in your account. Let’s see how it works.
The Offer
To qualify, open a new Robinhood account through the promotional link and make an eligible deposit within seven days of account approval. Funds must remain in the account for 30 days, though they can either be invested or left as cash. The bonus is typically paid automatically shortly after the holding period ends.
Here’s the current bonus structure:
- Deposit $1,000-$4,999 and earn $25
- Deposit $5,000-$9,999 and earn $100
- Deposit $10,000-$24,999 and earn $200
- Deposit $25,000-$49,999 and earn $350
- Deposit $50,000-$99,999 and earn $500
- Deposit $100,000+ and earn $1,250
Robinhood also currently pays interest on uninvested cash. Standard accounts earn 1.50% APY, while Robinhood Gold members earn 3.35% APY. Since Robinhood Gold costs $5 per month, it may be worth considering for those going for the higher bonus tiers.
Conclusion
This is a straightforward brokerage bonus with a short holding period and no investment required. While the biggest rewards require substantial deposits, even smaller balances can earn a decent return for simply parking funds in a Robinhood account for 30 days.
HT: USCF
