Robinhood Cash Interest Rates
At Robinhood, non-Gold members earn 1.5% APY on
their uninvested cash. Robinhood Gold members earn a very good
3.35% APY.
This rate is better than many CD rates today and, unlike a CD, the money at Robinhood is completely liquid. Gold membership costs only $5 per month and comes with a few additional perks.
Robinhood Promotion
3% deposit match and FREE stock worth up to $200 at Robinhood.
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Can You Buy CDs on Robinhood?
Robinhood does not offer direct trading in CDs or bonds. This absence is a big disappointment
given the current environment of high interest rates. That’s where Charles Schwab comes in. It does offer
trading in certificates of deposit, and many of these have high APYs.
Besides CDs themselves, Schwab also provides a great deal of educational materials on CDs along with an effective CD scanner and a user-friendly trade ticket. These resources combine to deliver a very powerful CD-trading platform at Schwab.
To top it all off, it’s very easy to get an account open in just a few minutes. At the top of Schwab’s website, there is an orange button to open a new account. Simply click on this button and follow the on-screen prompts to start the online application. There are many tax structures available at Schwab, so it’s possible to save some money on taxes each year while investing in CDs.
Once your account is open, you’ll find a user-friendly CD search engine under the Trade tab. Here, it’s possible to look over a variety of maturity lengths, starting at 3 months and reaching 10 years. Simply click on the maturity you want, and Schwab’s software will display the CDs available in that timeframe. Many criteria are shown in the results, including coupon frequency, minimum and maximum purchase amounts, and coupon rate. A convenient Buy link is displayed as well, so it’s really easy to jump right to the order ticket.
If you want to purchase multiple CDs, there is a ladder-builder tool at Schwab as well. Like the CD scanner, this valuable resource is under the Trade tab on the website. Up to 10 rungs, meaning 10 CDs, can be added to a single ladder. Schwab’s software makes the process really easy.
There is no charge to use the ladder-builder tool, and perhaps best of all, there are no commissions on primary CDs when the orders are placed online. Primary CDs are certificates of deposit issued directly by the bank for the first time. It’s possible to trade these CDs after they are purchased from the bank, and at this point, they become secondary CDs. Schwab publishes a handy guide for sellers of secondary CDs. Trades of secondary CDs cost $1 for each CD with a $10 minimum, $250 maximum commission.
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Charles Schwab CD Rates
Obviously, primary CDs are the better value, and we found well over a hundred of them during our search.
Here are some example CDs from our investigation:
| Bank | Maturity date | Yield |
|---|
| Raymond James | 5/8/2029 | 3.95% |
| Bank of America | 5/8/2029 | 3.95% |
| Morgan Stanley | 5/7/2029 | 4.00% |
| Raymond James | 5/6/2030 | 4.10% |
| Morgan Stanley | 5/6/2030 | 4.10% |
Each CD on Schwab’s website has a hyperlink, which is a gateway to more information on the CD. Examples
of data points that can be accessed include available quantity, minimum trade increment, and first
settlement date.
Learn more about Charles Schwab CDs or read detailed Charles Schwab Review
Updated on 5/1/2026.
Arthur Chachuna is a professional personal finance blogger, and the owner of Brokerage-Review.com.
He has been an avid investor for 25 years, and has a background in both applied math and programming.
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