Robinhood Signup Bonus: Earn Up to $1,250
Robinhood has launched a new promotion that offers a cash bonus when depositing new money into eligible accounts. The bonus is tiered based on the amount deposited, with the maximum offer earning you as much as $1,250. This offer was first reported at USCF, and the link was reportedly found online and cleaned up. Let’s see how it works.
Offer Details
In order to earn this bonus you need to:
- Open a new account through this promotion:
- After your account is approved, deposit an eligible amount within 7 days to claim your reward
- Hold your funds for 30 days. You can invest it or leave it as cash.
- Get your reward automatically. You will typically receive your cash reward automatically one day after the 30-day period ends.
The amount of cash you deposit and hold in the account will determine your bonus:
- Deposit $1,000-$4,999 and earn $25
- Deposit 5,000-$9,999 and earn $100
- Deposit $10,000-$24,999 and earn $200
- Deposit $25,000-$49,999 and earn $350
- Deposit $50,000-$99,999 and earn $500
- Deposit $100,000+ and earn $1,250
Guru’s Wrap-up
This is a good bonus from Robinhood, especially since the required holding period is only 30 days and you don’t even need to invest.
The best value comes at the higher deposit tiers, but even those with smaller amounts of cash can earn a reasonable return for simply moving funds into a Robinhood account.
You will also earn a 1.50% APY or 3.35% APY as a Robinhood Gold member (costs $5/month). If you’re going for the highest bonus tiers, then it makes sense signing up for Robinhood Gold.
