The investment app's new feature will let users earn interest on cash similar to checking accounts. Image via TechCrunch.
Technology

Robinhood investment app now has a cash management option

The popular investment app Robinhood recently received a new feature called Cash Management, which will allow users to keep uninvested cash in an account where it can earn risk-free interest similar to a checking account. Currently, users with Cash Management will earn an interest rate of 1.3 percent on uninvested cash, with Robinhood and its 12 partner banks charging no transfer or foreign transaction fees.

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Fri Dec 13 - TheVerge

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