Elon Musk's X Money promises 6% APY and $10M in FDIC coverage

finance.yahoo.com

6 pointsmooreds2 comments

6% isn't as high as a typical Ponzi scheme. But it's high for a guaranteed investment.

If something seems to good to be true, it usually is.

It's only 6% if you pay the X blue checkmark fee, otherwise it's 4% which is in line with other high-yield bank accounts. So nothing special really.