- July 22, 2021
- Posted by: Stratford Team
- Category: Business
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Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. Select will update as changes are made public.
Picture this: Your small business is making enough revenue that you’re left with excess cash that you can just set aside in a savings account because you don’t yet have an immediate need to spend it.
While this is good news for your business, that extra capital you aren’t using to cover everyday business expenses, like payroll and operating costs, is best placed in a high-yield business savings or money market account that also gives you checking account privileges.
These accounts offer higher interest rates than your standard savings or…