Griddy

I would give you less of a hard time if you would just the BS. I’d actually be pulling for you. But you can’t seem to figure out that targeting your pitch to uneducated consumers with dubious claims is a bad play that will kill you in the long run. Aug 13-15 taught you NOTHING!

It did teach us a lot and we are altering how we market and things about our business model. But it doesn't change our core beliefs about the market. I'm sorry you aren't able to see that on Twitter.

By risk free we mean we have no deposits, no contracts, or break fees and you can leave anytime unlike most fixed rate plans.

Griddy does require “deposits.” At sign up, customers must provide Griddy with funds in advance that Griddy draws upon. Thereafter, Griddy requires that the funds maintained to be drawn upon be at least $25. Sounds like a deposit to me. What does Griddy do with the interest?

that’s actually an interesting point, griddy charges you when you hit a min. balance, if it’s a big charge like $300, then you slowly pull from that, you are sitting on customer money, are you making interest on it? that would be more than making “just the member fee”

Nope, we make 0 interest off of the money in your account.

So are you saying Griddy holds these funds in non-interest-bearing accounts? I can’t imagine that positive customer account balances aren’t generating interest or other income to someone! If Griddy isn’t the one getting interest or other income from these funds, who gets that $?