Victoria Harris
👤 SpeakerAppearances Over Time
Podcast Appearances
I wonder how Uber would counter that.
If you can do everything in one app, right?
Like if you can do like, cool, I need to order an Uber, I need to stay there for four days and then I need to get back to the airport or whatever.
I would just do it all in Uber.
And for businesses, genius, you know?
Why is the laughing face in the ha ha?
The answer is obviously yes.
Look, I think the first thing here is there's a savings account and then there's a cash fund.
And a cash fund is actually, it's like a managed fund and
But it's a professional that is managing a fund of lots of cash products.
So they are in there getting the best term deposits, getting, you know, like it's not, you're not in one product, like a savings account.
You put it in the bank and you get it.
So there's a little bit more risk, but, and that's why she's getting 2.98% return on that cash fund.
No, so they're usually with banks.
The high interest savings accounts, you know, you've got a transaction account, savings account, and then cash funds are usually with like managed fund providers.
What the cash fund is invested in is term deposit, but they're trying to get the best deal for you, you know, and they might be taking a little bit of more, you know, maybe some higher risk term deposits or some longer term deposits to get a higher rate.
Like they're kind of just, yeah, really trying to work your –