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Is Roinhood Gold right for me as a HYSA?

D
Jan 16, 2026 · 04:00

To preface, I turned18 2 months ago and decided I want to take investing serious. I started with schwab, realized I couldn't trade partial ETFs then moved to Fidelity. Fidelity kept giving me errors so trying to transfer money so I switched to Robinhood.

My goal this year is to put 3,750 into my Roth IRA at least. I make about 100$ a week and am starting a 2nd job very soon as server so this should be doable. I save half my paycheck but my bank doesn't offer a HYSA so its sitting at .02 APY. i have about 750$ and counting

Since I plan on putting that much into my Roth IRA, if that goal is met I would make 112.5 extra dollars into my Roth IRA and make just under 25 dollars. Should I use Robinhood as my HYSA? The math seems to add up to me but just want to know if there's any hidden problems I'm not seeing