Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

You take my cash, buy TBills at 4.8% and earn 1% risk free. I can just buy TBills myself

Nice try πŸ˜‚
Avatar
River 1y ago

We're not earning 1% on this product. We don’t receive the same interest rates as tradfi on large dollar balances.

Reply to this note

Please Login to reply.

Discussion

Avatar
π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 1y ago

Instead of buying TBills, you are just parking it in some banks?

So I have to

1. Trust you not to run away with the fiat

2. Trust your bank not to go bankrupt or seize the fiat

3. Earn less than what I can get by buying TBills myself

You need to rethink this πŸ˜‚