Finance
Sponsored: Six Ways to Use Robinhood for Investing, Retirement Planning and More
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In an ever-evolving financial landscape, investment options are getting more and more complicated. Managing personal finances can seem even more and more daunting. Celebrating its 10th anniversary, Robinhood makes it easier than ever to navigate the brave new world of everyday investing. Robinhood continues to redefine the investment experience, offering a user-friendly mobile app and website that streamline the complexities of personal finance.
The innovative, commission-free platform offers a plethora of products and resources to help individuals manage their money with ease. As Robinhood continues to disrupt the investment space, the company is democratizing finance for a new generation of investors. Keep reading below for more on Robinhood’s offerings, from commission-free trades and retirement planning to educational resources and more.
1. Commission-Free Trades – 24/5
Robinhood simplifies the process of buying and selling stocks, ETFs, options and cryptocurrencies, making it more accessible than ever. Renowned for its intuitive interface and straightforward approach, Robinhood provides users with a user-friendly platform to manage their portfolios, track market trends, and execute trades from either their mobile devices or desktop computers. The app offers real-time market data, customizable watchlists, and easy-to-use trading tools, ensuring users can stay informed and execute trades from anywhere with ease.
As the only US retail brokerage to offer 24/5 trading of single-name stocks, Robinhood’s 24-Hour Market enables traders to respond to market-moving news in real-time. This feature allows traders to adapt their portfolios based on up-to-the-minute information, thereby leveling the playing field and ensuring extended trading is no longer exclusive.
2. Educational Resources and Timely News & Information
Understanding and keeping track of the latest information and news related to investments can be challenging. Robinhood offers educational resources, including articles, tutorials, and investment guides, covering topics such as stock market 101, investing strategies and financial planning. Additional resources include timely news updates, market data, research reports, earnings calendars and analyst ratings, providing everything users need to stay informed.
3. Advanced Trading Options
For experienced users, Robinhood Gold offers a premium membership with exclusive benefits. With features like 5.0 percent interest on uninvested brokerage cash and access to powerful investment tools, Robinhood Gold provides added value for investors seeking more from their trading experience. For a low monthly subscription fee, users can unlock benefits to manage returns and optimize their investment strategy.
4. Retirement Planning
Planning for retirement is one of the key tenets of investment planning, and Robinhood Retirement makes it easy. This innovative feature offers the first IRA with a 1 percent match, making it accessible to gig economy workers and others without employer-sponsored plans. With Robinhood Retirement, our users not only easily invest in their future, they also get free money through the matching program.
5. Fractional Shares
Investing in fractional shares of stocks and ETFs allows users to diversify their portfolios and invest in high-priced assets with smaller amounts of money. Robinhood makes diversification more accessible with Fractional Shares, enabling users to invest in fractions for as little as $1. This helps to manage risk, making it possible to build a diversified portfolio on any budget.
Diversification is key to building a resilient investment portfolio, and Robinhood makes it easy with Fractional Shares. Instead of buying whole shares of expensive stocks or ETFs, you can invest in fractions for as little as $1. This allows you to spread your investments across a variety of assets, helps to manage risk. Whether you’re interested in tech giants like Amazon or blue-chip stocks like Apple, Fractional Shares make it possible to build a diversified portfolio on any budget.
6. Robust Security Measures
Robinhood prioritizes the security of its users’ accounts and personal information. The platform employs industry-standard security protocols, such as encryption and two-factor authentication, to safeguard user data and prevent unauthorized access.
Disclosures
*As of Nov. 2nd, 2023 via Bankrate.
All investments involve risk and loss of principal is possible. Robinhood Gold is offered through Robinhood Financial LLC and is a subscription offering premium services for a fee. The Brokerage Cash Sweep Program is an added feature to your Robinhood Financial LLC brokerage account. Interest is earned on uninvested cash swept from your brokerage account to program banks. Program banks pay interest on your swept cash, minus any fees paid to Robinhood. As of March 15, 2024, the Annual Percentage Yield (APY) that you will receive is 5.00% for Robinhood Gold members. The APY might change at any time at the program banks’ discretion. Additionally, any fees Robinhood receives may vary and is subject to change. Neither Robinhood Financial LLC nor any of its affiliates are banks.
Terms apply to the boosted rate promotion. For more information, view our terms and conditions.
You must have compensation (wage income) in order to contribute to an IRA. The funds that earned the match must be kept in the account for at least 5 Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax years to avoid a potential Early IRA Match Removal Fee. For more information refer to the IRA Match FAQ.
Funds being contributed into or distributed from retirement accounts may entail tax consequences. Contributions are limited and withdrawals before age 59 1/2 may be subject to a penalty tax. Robinhood does not provide tax advice; please consult with a tax adviser if you have questions.
Trades of stocks, ETFs and options are commission-free at Robinhood Financial LLC. Other fees may apply. Please see Robinhood Financial’s Fee Schedule to learn more. Fractional shares are illiquid outside of Robinhood and are not transferable. Not all securities available through Robinhood are eligible for fractional share orders. Diversification does not ensure a profit or guarantee against loss Trading during extended hours involves additional risks. For more information, view our Extended Hours Trading Disclosure
Robinhood Financial LLC (member SIPC), is a registered broker dealer. Robinhood Securities, LLC (member SIPC), is a registered broker dealer and provides brokerage clearing services. All are subsidiaries of Robinhood Markets, Inc. (‘Robinhood’).
Capital One reaches $425M settlement in class action lawsuit
Capital One has agreed to pay $425 million to settle a class action lawsuit involving its 360 Savings account.
unbranded – Newsworthy
Capital One has settled a lawsuit that claimed the company deceived customers by creating two savings accounts with very similar names, but with different interest rates, making owners of the lower-paying accounts eligible for cash payments as part of a $425 million settlement.
Months after the court rejected an initial settlement agreement in the case in 2025, a U.S. District Court judge issued final approval of a new settlement on Monday, April 20, USA TODAY reported.
Michigan Attorney General Dana Nessel joined a bipartisan coalition of 17 other attorneys general in 2025 who said the original proposal cheated customers, who lost more than $2 billion in unpaid interest.
Capital One denied the claims in the lawsuit and any allegations of wrongdoing. Both sides ultimately agreed to a settlement to avoid going to trial, USA TODAY reported.
Payments are expected to be sent around July 21, according to the settlement website.
What to know:
What is the Capital One settlement about?
The class action lawsuit against Capital One relates to two types of savings accounts the company has offered: 360 Savings and 360 Performance Savings.
The plaintiffs alleged that the two types of savings accounts are identical, except for the interest rate Capital One paid on them.
According to the filings, Capital One offered the 360 Savings accounts from 2013 to 2019, which is when it began offering 360 Performance Savings.
Though the company stopped offering 360 Savings accounts to customers, Capital One continued to service the existing accounts under the program, the filings said.
The lawsuit alleged that since 2019, Capital One has paid a higher interest rate on 360 Performance Savings than it paid on 360 Savings, despite the two accounts being otherwise identical.
Capital One marketed its 360 Savings accounts as “high interest” accounts with “one of the nation’s best savings rates” that would earn its customers more than an average savings account, Nessel said in a 2025 release. However, while interest rates rose nationwide beginning in 2022, Capital One kept the interest rates for its 360 Savings accounts artificially low. Instead, Capital One created “360 Performance Savings,” a nearly identical type of savings account that provided much higher interest rates than 360 Savings.
In September 2019, the initial New York lawsuit said, “the 360 Performance Savings interest rate was 1.90%, while the 360 Savings rate was 1.0%. This disparity grew even wider over time. Capital One lowered the 360 Savings rate to 0.30% in December 2020, and kept it frozen there during a period of rising interest rates nationwide. At one point, the 360 Performance Savings rate was 4.35%, more than 14 times higher than the 360 Savings rate.”
As a result, the plaintiffs alleged that Capital One deceptively marketed the 360 Savings account and concealed interest rate disparities. The company denied the claims.
Who’s eligible for payment in the Capital One settlement?
The settlement class, or the group eligible for payment, includes anyone who maintained a Capital One 360 Savings account at any point between Sept. 18, 2019, and June 16, 2025.
How much money can you get from Capital One settlement?
Each member of the settlement class will receive an individualized payment.
The total will first be calculated based on the amount of interest the account holder would have earned if the account were receiving the same interest rate as a 360 Performance Savings account.
The remaining settlement fund after deducting those costs and expenses will then be split among recipients based on their individual amounts, according to the settlement website.
Do you have to file a claim in the Capital One settlement?
No, you don’t need to file a claim to receive a payment in the Capital One settlement. All eligible members will receive their payment automatically.
Payments are expected to be sent around July 21, according to the settlement website.
As the price of regular gas soars to $6 a gallon across California, Latino families are feeling the financial burden more than other households in the state, researchers at UCLA said Thursday.
According to a study by the UCLA Latino Policy & Politics Institute, the spiking gas prices are disproportionately affecting the financial health of Latino households largely because they tend to have fewer financial resources and depend on cars for their livelihoods.
Based on a number of data sources, including the 2023 Consumer Expenditure Survey and 2017 National Household Travel Survey, the researchers calculated the average amount of Latino families’ year budget compared to non-Latino households. They also measured households’ dependency on vehicles and the distance.
When Latino households spend more on gas, it’ll eat up more of their budgets, even when they don’t have other means to make up for the difference.
“Latino households spend $1,300 more per year on gasoline than non-Latino households,” the study said. “These higher housing costs leave Latino households with less room in their budget to absorb rising gasoline costs.”
The reason for higher gas expenditure is Latino families tend to commute more than other ethnic groups. They are also less likely to work from home, the researchers said.
“Even before the gas prices increased Latinos households were already spending more money on gas than non-Latinos and always experiencing higher costs of house burden,” Rosario Majano with the UCLA Latino Policy & Politics Institute told NBCLA.
Also because Latino households are less likely to have newer, more fuel-efficient cars, they are spending more on fuel without alternative options, the study found.
Abel Martinez, who is juggling multiple jobs while scaling back on going out, said he understands why Latinos are spending more on gas.
“If you think about it many electric cars are on the pricier side,” Majano said. “Many Latinos are on the lower income so many don’t have the opportunity to buy things like that. “
Researchers said they hope the data can be a tool for policy makers to find ways to support all communities, especially Latinos who are struggling financially but contribute to the state.
As of Thursday, the average price of a gallon of regular gas in Los Angeles County rose was $5.95 per gallon, $5.08 in Orange County.
Stuart Litwin will be speaking at the Auto Finance Capital Summit taking place May 11-12 in Nashville, TN. This event brings together capital markets, finance, and treasury leaders across the $1.5 trillion auto finance industry to tackle critical funding challenges — from securitization and warehouse lending to liquidity management, private credit, and capital efficiency.
For more information about the event, please visit the event page.
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