The Meb Faber Show - Better Investing cover image

Gary Zimmerman, MaxMyInterest - SVB, FDIC, & Improving ROI on Cash | #471

The Meb Faber Show - Better Investing

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What Are the Risks of Broker Deposit Solutions?

Max was actually built in response to the existence of what are called broker deposit solutions, which is sort of what existed before Max came along. The way it works is you give your money to an intermediary and they resell your deposits to other banks. So our view was don't go through an intermediary or broker. You should hold your money in your own accounts directly in your own name. And that's what Max does.

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