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Robinhood is launching bank accounts that will deliver physical cash ‘to your doorstep’

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Robinhood is launching bank accounts that will deliver physical cash “delivered on-demand right to your doorstep’ Gold subscribers can sign up for a checking or savings account through Robinhood later this year .

Robinhood Banking promises a 4 percent annual percentage yield (APY) and FDIC insurance of up to $2.5 million on accounts.

The service will offer individual and joint banking accounts at launch, along with options to create children’s accounts.