Robinhood Gold Cash Sweep

Robinhood's Gold cash sweep pays interest on uninvested brokerage cash, but only for members of the paid Gold subscription. The honest verdict: it fits people who already keep cash at Robinhood's brokerage, and it is not a bank savings account. Robinhood states a 3.6% APY for Gold members as of September 17, 2026, on eligible cash in self-directed taxable investing accounts and Robinhood Strategies accounts; we read the page on October 14, 2026. There is no minimum and no maximum balance, and the APY can change at any time. Gold costs $5 per month, with the first 30 days free, which functions as the account fee. The first $10,000 of eligible cash stays as a free credit balance in the Brokerage-Held Cash Program, SIPC-protected and not swept to banks; amounts above $10,000 are swept to program banks (15 FDIC-insured banks were listed as of July 1, 2026) and are eligible for FDIC pass-through insurance, conditions apply. A debit card is available via the Robinhood spending account, and cash is instantly available for trading. The catches: the yield requires the $5 per month Gold subscription ($60 a year), which takes a larger share of the interest on small balances, and brokerage cash is not a bank account. Robinhood is not an FDIC-insured bank, and the first $10,000 is SIPC-protected rather than FDIC insured.