Robinhood said Thursday that it debuted checking and savings accounts that yield 3 percent, far more than those offered at most financial institutions.
“Today, we’re furthering our mission to democratize America’s financial system by introducing Robinhood checking and savings,” according to the Menlo Park-based company, which is reportedly gearing up for an IPO in 2019.
But Bloomberg News, which sees the new offering as a dressed-up money market mutual fund, concluded Thursday that “this…
