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Best high interest yield for excess cash reserves in business.

Posted on 2/7/23 at 11:53 am
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
7224 posts
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Posted on 2/7/23 at 11:53 am
What banks are you small business owners using for cash reserves and what kind of interest rates are you seeing?
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Posted by Phate
Baton Rouge
Member since Mar 2006
11802 posts
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Posted on 2/7/23 at 12:21 pm to Spasweezy
Wealthfront has 4.05% right now.
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Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
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Posted on 2/7/23 at 1:25 pm to Spasweezy
I’m currently using Schwab’s money market fund for most of my real estate cash reserves: 7 day yield of 4.4% (SWVXX).
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Posted by LSU_historian
Member since Apr 2022
80 posts
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Posted on 2/7/23 at 1:45 pm to Spasweezy
(no message)
This post was edited on 4/29/23 at 7:59 pm
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Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3166 posts
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Posted on 2/7/23 at 2:01 pm to Spasweezy
Fidelity's money market fund SPAXX is yielding 4.11% now.
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Posted by b-rab2
N. Louisiana
Member since Dec 2005
12857 posts
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Posted on 2/7/23 at 2:38 pm to Spasweezy
just buy T bills
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