If you're subscribed to Gold, you will receive a discounted base rate. The Standard floating interest rate (12%) is calculated as a combination of the Federal Funds Target Rate upper bound plus the Standard base rate, currently 6.5%. On Jthe floating portion of our margin interest rate (corresponding to the Federal Funds Target Rate upper bound) changed from 5.25% to 5.5%. This change allows us to be more transparent about how our margin interest rate is calculated. With multiple Federal Funds rate increases potentially on the horizon, we made the margin interest rate a floating rate beginning on June 14, 2022. You can always check the current status of your billing cycle and other margin and Gold account settings in Account → Margin investing or Robinhood Gold. We’ll charge your brokerage account every 30 days at the end of your billing cycle. $1,000 included with your monthly fee, leaving $2,000 subject to interest.For example, if you use $3,000 of margin, we’ll calculate $0.44 of daily interest as follows: The daily Gold interest rate is 8% divided by 360. If you decide to borrow more, you’ll pay the Gold floating interest rate on any margin used over $1,000.Īs with standard margin interest, Gold margin interest is calculated daily at the end of the day on settled margin transactions. In addition to a discounted rate, the first $1,000 of margin investing is included with your $5 monthly Gold fee. The Gold floating interest rate is calculated as a combination of the Federal Funds Target Rate upper bound plus the Gold base rate, currently 2.5%. If you're subscribed to Gold, you'll receive a discounted base rate. $3,000 margin used and subject to interest.For example, if you use $3,000 of margin, we’ll calculate $1 of daily interest as follows: The daily standard interest rate is 12% divided by 360. Interest is calculated daily at the end of the day on settled margin transactions. The Standard floating interest rate is calculated as a combination of the Federal Funds Target Rate upper bound plus the standard base rate, currently 6.5%. Robinhood’s margin interest rate is based on a floating rate, and will vary depending on whether or not you're subscribed to Gold. You’re not entitled to an extension of time on a margin callĪdditional information on the terms and risks associated with margin investing can be found in our Margin Disclosure Statement.We can change “house” maintenance margin requirements at any time and aren't required to provide you advance written notice.You’re not entitled to choose which securities we sell from your account to cover your margin debt.
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