High Yield Checking Account
Hey Terry!
I have about $200,000 in “extra funds” for my small business. It’s been a good year! Can you recommend a high yield checking account I can put this in, or, an investment recommendation? Appreciate any feedback!
Terry Says
That depends on how long you need to leave the money in the account. You can open an account to buy U.S. Treasury bills for your company. Read this: https://www.terrysavage.com/t-bills-beat-cds-2/ But that would tie the money up for at least 3 months at a time.
If you need instant liquidity, you might want to search the Bankrate.com list of best high yield savings accounts or checking accounts. Start here: https://www.bankrate.com/banking/savings/best-high-yield-interests-savings-accounts/
or here: https://www.bankrate.com/banking/money-market/rates/
