Replace 12/20/24: Seems the ‘piece of the pie’ ended up being $8.29. I’d cancel mine.
The Supply
Robinhood is providing three particular promotions for individuals who signup for Robinhood Gold membership between December ninth and December sixteenth:
- A bit of the $1M pot: Robinhood will divide $1,000,000 equally amongst eligible new members who be part of Gold between Dec 9–16.
- Boosted 4.75% APY in your money: Earn a boosted charge in your brokerage money for 60 days, then earn 4.25% APY.
- Low cost on Gold membership: Get your first 12 months of Gold for simply $45. (common value is both $50 per 12 months or $5 per thirty days)
- After all you’ll additionally get all of the common Robinhood Gold advantages (together with the margin profit).
That you must hold the Gold membership for a full 12 months to be eligible to maintain your piece of the Pie.
The Superb Print
Our Verdict
That is intelligent branding: once I noticed the provide it sounded fairly thrilling…till I noticed that there are 24M Robinhood customers and over 2M Gold subscribers. With this new Pie provide there can probably be 100,000+ new subscribers which might end in $10 piece of the pie (or much less). In any case, there’s the thrill of some probability of a better reward right here.
From the touchdown web page it seems you possibly can be part of with both the month-to-month or yearly Robinhood Gold charge. That you must hold Gold for a full 12 months to be eligible for the pie, and so presumably you’ll need to simply pay for the $45 yearly charge as an alternative of $5/month.
The benefit of doing the $5/month choice is you can wait and see whether or not it’s value preserving the Gold membership for a 12 months based mostly on the scale of the pie. Some folks may also need to pay only for the primary two months for the 4.75% APY charge.
I signed up for the 12 months choice mistakenly (considering that I used to be logged out), and the system apparently gave me a free 30 days – it exhibits a January 11, 2025 billing date for the $45.
The phrases specify that you should see the provide within the app or by way of e mail to be eligible. The phrases additionally say that somebody and not using a Robinhood account can join now for Robinhood at this hyperlink they usually’ll be eligible. My guess is all Robinhood customers who go to the touchdown web page will be capable to signup for the $45 charge and can get the Pie provide and the 4.75% provide.