Robinhood Launches Joint Investing Accounts with 1% Deposit Boost and 5% APY, Stock $HOOD Up 100% in Six Months

Robinhood Markets Inc. has launched Joint Investing Accounts, allowing customers to manage investments collaboratively with their partners. This new feature aims to enhance investment management for families by enabling them to combine their funds and keep shared assets consolidated in one place. The accounts come with added benefits, including a 1% deposit boost and a 5% annual percentage yield (APY) on uninvested cash at no extra cost. This initiative is part of Robinhood's strategy to diversify its product offerings and empower families in their investment journeys. The stock, trading under the ticker symbol $HOOD, has seen a 100% increase over the past six months, reflecting positive market sentiment towards the company's growth and innovation.