Robinhood Offers 1% Retirement Match to Users of Its Mobile App

Robinhood will offer customers a 1% match on its traditional or Roth IRAs, the company said Tuesday.

Users can start investing on deposits of up to $1,000 before contributions settle into their accounts.

Prospective customers can apply to be waitlisted for Robinhood Retirement starting Tuesday and can expect to receive access on a rolling basis in the coming weeks, but full availability on the offering is set to begin in January.

Robinhood to pay a 1% ‘match’ on customer contributions to retail individual retirement accounts

The retail brokerage will match 1% of each dollar saved in its individual retirement accounts. Experts think it’s a way to get attention in a crowded market.

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Robinhood Pivots From Day Trading With New Offering As Millennials, Gen Z Age Out – Robinhood Markets (NASDAQ:HOOD)

Robinhood Markets Inc (NASDAQ: HOOD), the trading app that helped revolutionize and democratize finance, introduced a new product Tuesday. Here's what you need to know.

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