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Robhinhood Free Trading (and 1 free stock when you sign up): http://bit.ly/SFRobinhood Buy Bitcoin/Ethereum: http://bit.ly/2wPRudj Binance (For Monero or other altcoins): https://www.binance.com/?ref=11135819 This week's episode of Sovereign Financials goes over the current risks with Robinhood's new 3% interesting checking and savings accounts. It appears that Robinhood claims that they have SIPC insurance for their brokerage deposits, however without the requirement to have to actual invest those deposits they may not actually fit under SIPC insurance. The CEO of SIPC, Stephen Harbeck, states, "I disagree with the statement that these funds are protected by SIPC" and "On Robinhood’s help page, it says that you don’t need to invest to use Robinhood checking and savings, that statement is wrong. If you deposit money for any other purpose, it is not protected." I would be very careful about depositing large sums into Robinhood's "checking" or "savings" accounts at this time as they might not be insured if Robinhood goes bankrupt. With that being said any investments in stocks/bonds that you have through Robinhood would still be insured with SIPC and I think Robinhood is a great service to use to buy stocks/bonds etc. The terms Robinhood and their logo are trademarks of their company and are in no way associated with myself, my youtube channel or Sovereign Financials. The opinions expressed here are solely my own and do not reflect the opinions or statements of the SIPC or Robinhood. Visit us on Facebook: / sovereignfinancials Buy Bitcoin: http://bit.ly/2wPRudj (You get $10 of free bitcoin upon buying $100 worth, we also get $10). Recommended Books: https://amzn.to/2N5uZve - Becoming an Millionaire https://amzn.to/2PY8OWo - Investing Intelligently https://amzn.to/2PpLzDq - Real Estate Investing (Rentals) https://amzn.to/2C9vBLZ - Bitcoin Disclaimer: As always these are just our opinions and this video and its comments are for entertainment purposes only and they do not constitute any type of legal, tax or financial advice. Always consult a qualified financial planner, investment advisor, CPA and/or attorney before making any monetary, investment or legal decisions. I take no responsibility neither expressed nor implied for any action that you take with my opinions as expressed in this video. Robinhood, Robinhood 3%, Robinhood 3% interest rates, Robinhood checking account, Robinhood savings account, SIPC insurance, Robinhood SIPC insurance, Robinhood FDIC, Robinhood FDIC insurance, is Robinhood insured, high interest rate savings account, high interest rate checking account, danger of robinhood checking, danger of robinhood savings