I use Mayfair as a "simple cash management" tool for multiple clients. The rates are competitive, the team is responsive (they also listen to my ideas to improve the product), and the enhanced FDIC insurance is a game changer. Smart cash management (using Mayfair) is increasing my clients profit margins by about 1.5%. It's a win-win.
Mayfair helped extend our runwaI by a 8 months by simply transferring our idle cash to their account. It's been a huge weight off my shoulders going into the holidays.
Heard people talking about this on BART and thought they were saying Wayfair but checked it and tried it out. Two months went by, we got our first interest and voila, free cash. Kind of feels like cheating tbh?
I don't want to say free money, but... free money. You're letting perfectly good cash go out the window if you're not putting excess funds in Mayfair or something similar