Americans are being 'ripped off' by big banks, Robinhood CEO says
The stock trading app, made famous by the GameStop craze , will now pay subscription members a 5 percent annual percentage yield on uninvested cash.
Source: dailymail.co.uk
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How miserly big banks are stiffing savers: They've made BILLIONS by hiking loan repayments thanks to Fed rate hike - while refusing to increase pitiful 0.15% yields on rainy-day funds
Three of America's biggest banks raked in nearly $50 billion from higher interest payments last quarter - yet none have raised the yields on their savings accounts.
Source: dailymail.co.uk