Comment by mikeash

Why would they expect this account to be used as a high-velocity, low-balance account rather than a park-your-savings account, given the rate?

I agree that the high rate is reasonable in that scenario, but the high rate is also actively fighting to ensure that scenario doesn’t happen.

I don’t see people here thinking that Robinhood is bad at math. They’re all asking, “what’s the catch?” Because it sure seems like there must be one.