4 ms·
How much would you be willing to pay for an account for which that was always true?
by Scarblac 4y ago
How much would you be willing to pay for an account for which that was always true?
- sebzim4500 4y agoI'd certainly accept a lower interest rate.
- prottog 4y agoBut would you pay a negative interest rate, i.e. a fee? Wouldn't having millions of dollars available on demand be a service that you would have to pay for?
- sebzim4500 4y agoYeah, but I don't think I would have to. German bank accounts are guaranteed by the government but still pay a positive interest rate.
- rglover 4y agoDepends on the balance, but I could see a tiered monthly subscription model working well. So, if I have $10,000, my monthly fee is relatively low or just free, but if I have > $1M that fee goes up. Could be a percentage with a ceiling or an annual cap. Could just package it as Priority Withdraw Guarantee and charge it as an add-on and part of the guarantee is that your cash will be kept in a reserve independent of investment activities.