Introducing Joint Investing Accounts at Robinhood

Today, we are excited to launch joint investing accounts, which allow customers to seamlessly manage investments with their partner while keeping their shared assets in one place. Joint accounts make investing more collaborative for families and loved ones, providing shared access for account holders that allows them to combine funds and increase their investment power as they work towards their financial goals. Customers can extend certain Gold benefits to a joint account at no extra cost, such as earning a 1% deposit boost and 5% APY on uninvested cash.

"At Robinhood we understand that investing is often a family endeavor," said Steve Quirk, Chief Brokerage Officer at Robinhood. "With joint accounts, we are empowering families and loved ones to achieve their financial goals together, reinforcing our dedication to long-term financial success."

Whether saving for a child's education, putting away money for a downpayment on a home, or working hard to build and leave a financial legacy, joint accounts can be ideal for families and partners who wish to align their financial goals and work together towards achieving them.

Benefits include:

• Keep investments in one place: Customers can easily switch from individual investments to their joint account with a tap. This simplifies the investment process, making it more convenient to manage investments in one place, and ensures that both account holders have a clear overview of their financial situation.
• Access for two: Existing customers can create a joint account with a partner and enable shared access to manage investments and transfer funds at any time. This feature ensures that both account holders are fully involved in their financial decisions and can act quickly and efficiently when needed.
• Increase purchasing power: Account co-owners can combine funds and leverage their collective financial strength to help meet their family's financial goals.
• Share perks of Gold: Certain Gold member benefits extend to their joint accounts at no extra cost: earn a 1% deposit boost, then 5% APY. These exclusive benefits enhance the value of accounts, providing additional growth opportunities and financial rewards.

Joint investing accounts started rolling out today and will be available to all customers in the coming weeks. Getting set up is simple, customers can go to their Robinhood profile, select 'add account' under their total account balance, tap 'joint investing' and then follow the on-screen instructions to complete an application. To learn more and understand how to get started visit the Help Center.

Disclosures:

Robinhood Gold is offered through Robinhood Gold, LLC and is a subscription offering premium services available for a recurring fee. Not all investors will be eligible to trade on Margin. Margin investing involves the risk of greater investment losses. Additional interest charges may apply depending on the amount of margin used.

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 July 25, 2024, the Annual Percentage Yield (APY) that you will receive is 0.01%, or 5% for Robinhood Gold members. Terms apply. 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.

Deposit boost is divided into 24 monthly payouts. To earn your full boost, hold or invest your brokerage deposits for 2 years. If you cancel Gold, you'll lose future payouts you haven't earned yet. Boost only applies to new, eligible deposits. For more information, see terms.(1% deposit boost with Gold - full disclosure (should link out to Gold T&C's)

All investments involve risk and loss of principal is possible.

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