I’m curious how other small business owners handle their revenue. We have a significant amount (100K+) in a business checking account that gains minimal interest. But should we be keeping it in a high interest savings account or even some of it in a CD account instead? I’m concerned about our ability to keep up with inflation, but also need to keep a certain percentage liquid as well in case of emergency. Any advice?
I move from checking to MM to CDs fairly often.
You can get 30 day CDs at like 5.25% or higher right now.
I keep 6 months expenses liquid and move around as needed.