I am glad I am not the product manager for that product.
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This is designed to be sold to unsophisticated retail savers, he says unnecessarily.
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Whoopsie overestimated the cashback by 10X; even less good.
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End of conversation
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This is still a better return than the CDs my US bank has been offering me.
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Only one question - what’s the termination penalty for customer? My savings account pays 3 basis points. No first year bonus.
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“You could LITERALLY make tens of dollars investing with us! TENS OF DOLLARS!!”
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