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?
Capital one 360 product - they have a business account but i think you have to be in CA…? i use a personal checking & hysa there for my small business (i’m a sole proprietor). easy to get to and no fees. you could just do the HYSA and add to your current checking to transfer funds (a day maybe since there would be different banks involved).