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Dry Powder: Where to Park Your Cash

Many Happy Returns

CHAPTER

Callable Cash Is a Bad Idea, Right?

Bank accounts are sticky. People don't move their bank very often in their life because it's such a pain to do, he says. Retail banks typically not really competing for our money just based on the interest rate,. So they're offering lots of add-ons and incentives and services to us as consumers. And we might be picking the bank account based on that, right? We're not just going, who has the absolute highest percentage I'm going to get on my money?

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