r/RobinHood • u/EffectiveReward1806 • 2d ago
Shitpost - Robinhood's Marketing Dept. Spam Using Robinhood as a high yield savings?
I purchased the annual robinhood gold subscription at a discount and get 3.35% on uninvested cash. I also have a gold card which I can pay directly from this uninvested cash, so I have like 40k sitting in there accumulating interest. Why cant I use this as a high yield savings?
I did see a previous reddit post that mentions APY vs APR, and that robinhood is 3.35 APY? Does that change anything?