I dont think anyone with 10 million is wasting there time on RFD, they would have a financial planner, and would easily be getting better rates elsewhereace604 wrote: ↑Mar 15th, 2017 8:40 pmSomeone with 5% cash position ($10M portfolio) could easily have $500k in a HISA paying 2%+ instead of sitting in an investment account earning crap.
Even 10% could be considered "normal", so $5M.
Or someone overweight cash expecting a big crash ... maybe 50% of a $1M portfolio.
The reason they have the $500k limit is because there ARE people hitting the limit and they don't want to pay out too much promo interest.
I'd hope so anyways