Profile picture
Patrick McKenzie @patio11
, 4 tweets, 1 min read Read on Twitter
Received a solicitation from a Japanese bank for this savings product:

It’s a 1 year CD.
It’s renewable at bank’s option only, for 1 year at a time, up to 15 years.
The APR is 31 basis points.
They will also generously pay you somewhere between 30 and 50 bps in cash for buying.
I am glad I am not the product manager for that product.
This is designed to be sold to unsophisticated retail savers, he says unnecessarily.
Whoopsie overestimated the cashback by 10X; even less good.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Patrick McKenzie
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!