Robinhood Cash Interest Rates
At Robinhood, non-Gold members earn a 1% APY on their uninvested cash. Robinhood Gold members
earn a much higher 4.25% APY.
This rate is better than many CD rates today and, unlike CDs, the money at Robinhood is completely
liquid. Gold membership is only $5 a month and comes with valuable additional perks.
Robinhood Promotion
4.25% APY on cash and 3% IRA match and cash back at Robinhood.
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Can You Buy CDs on Robinhood?
CDs as well as other fixed-income securities are not available at Robinhood. This absence is a
bit of disappointment given the current reality of high interest rates. That’s where Charles Schwab comes in. It does offer trading in CDs, and many of these have high APYs.
Besides CDs, Charles Schwab also provides a lot of educational materials on CDs along with a handy CD scanner and an easy-to-use trade ticket. These resources make Schwab a powerful platform for trading CDs.
Setting up an account at Schwab is very easy and takes just a few minutes. At the top of Charles Schwab’s
website, there is an orange button to create a new account. Click this button and follow the on-screen prompts to start the online application. Schwab offers many tax-advantaged account types, so you can save on taxes while investing in CDs.
Once your account is open, you’ll find an easy-to-use CD search engine under the Trade tab. You can browse CDs of various maturity lengths, from 3 months to 10 years. Simply select the desired maturity, and Schwab’s software will display the available CDs. The results include details like coupon frequency, minimum and maximum purchase amounts, and coupon rate. A convenient Buy link is also displayed, making it easy to go straight to the order ticket.
If you want to buy multiple CDs, Schwab also has a ladder-builder tool under the Trade tab. This tool allows you to add up to 10 CDs to a single ladder. Schwab’s software makes this process really straightforward.
There is no charge to use the ladder-builder tool. Best of all, there are no commissions on primary CDs when the trades are placed online. Primary CDs are issued directly by the bank for the first time. After purchasing, these CDs can be traded as secondary CDs. Schwab provides a helpful guide for selling secondary CDs. Trades of secondary CDs cost $1 per CD with a $10 minimum commission.
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Charles Schwab CD Rates
Primary CDs are often the better value, and we found over a hundred of them during our search. Here are some examples from our investigation:
| Bank | Maturity date | Yield |
|---|
| Texas Exchange Bank | 03/08/2029 | 5.05% |
| KCB Bank | 08/27/2029 | 4.55% |
| CFG Bank | 05/30/2028 | 4.54% |
| JPMorgan Chase Bank | 01/16/2026 | 4.45% |
| CFG Bank | 05/30/2028 | 4.54% |
Each CD on Schwab’s website has a hyperlink that provides more information about the CD, including available quantity, minimum trade increment, and first settlement date.
Learn more about Charles Schwab CDs or read detailed Charles Schwab Review
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Updated on 4/4/2025.
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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