Robinhood will roll out checking and savings accounts later this year to its paying “Gold” subscribers, but with a few twists. The Menlo Park, California-based firm aims to be less of a traditional bank for its customers and more of a private banking-like experience, according to Deepak Rao, vice president and general manager of Robinhood Money.
“You get these crazy products, you get really high interest rates,” Rao said in an interview. “Why don’t we do that, but we give it to everybody?”
