Robinhood starts rolling out its Cash Management service, which offers 1.8% interest, debit cards, and FDIC coverage on deposits through bank partnerships (Julie Verhage/Bloomberg)

Julie Verhage / Bloomberg:
Robinhood starts rolling out its Cash Management service, which offers 1.8% interest, debit cards, and FDIC coverage on deposits through bank partnerships  —  Robinhood Markets Inc. has finally launched its take on a bank account, albeit a very different version of the service it once hoped to offer.