Comments on: High Yield Business Savings Accounts

By: Andy

Andy — Fri, 11 Jun 2010 17:14:50 +0000

Another one to consider is ING – simple and easy to use. Plus they have a decent yield. I also liked that I was able to link my personal and business savings account through one Cust ID. However getting more than 1% in today’s market is hard.

By: Denise

Denise — Wed, 31 Jan 2007 18:32:20 +0000

So excellent! I’d been wondering the same thing recently. I’ve been moving my business money into my personal savings account as a ‘temporary loan’ so I could get the high interest rate. It’s not as bad as it sounds as an accounting practice because I’m an LLC who files as if I’m self employed, so comingling of funds is more acceptable — BUT, I sure think it would be easier (with potentially higher rates) to hook up a business account. If anyone can tell me why CHASE sucks so bad with this kind of thing, I’d be much obliged. Of course, all of my primary accounts are with Chase — for YEARS now — so I’m sweeping funds all over the place to get some reasonable interest. I just got a $4 service fee on my personal savings (which was paying .45%) because I went below the minimum balance. I mean, how can .45% justify any minimum balance. I called and closed the account. Grrr…. Sorry, didn’t mean to turn this comment into a gripe. Nutshell: Thanks for the info. Great post.

By: » Carnival of Personal Finance #85 @ fivecentnickel.com

» Carnival of Personal Finance #85 @ fivecentnickel.com — Mon, 29 Jan 2007 12:15:58 +0000

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