Highest Yielding Business Savings Accounts Archived From: Finance |
My business is looking to put our money into a high yield business savings account. Does anyone know which banks offer business savings accounts with the highest interest rates?
Thanks!
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No, but he does.
search the archives, this question has been answered in the past
ING is the only bank which pays more for business. There may be others but I don't know.
Here's some of the best business money rates as of March 7, 2008:
• WAMU = 4.34% APY…..WhooHoo!
• Wachovia = 3.66%
• Union Bank of California = 3.14% APY
• Chase = 2.85% APY
• CalNational = 2.65% APY
• U.S. Bank = 2.85% APY
• Wells Fargo = 2.8% APY
• Bank of America = 2.5% APY
• Citibank = 2.5% APY
• HSBC = 2.1% APY
*Please note that banks have APYs that vary according to the deposited balance; the higher the balance, the higher the rate. For this comparison, bankpig selected the highest rates which usually require a balance upward $100,000. Rates may also vary state-by-state. The best business money market rates are generally reserved for “new money”, not balances already deposited. If you see a rate that your institution isn’t offering or you are not receiving, get the rate in writing and show it to your banker to see if he/she will match it. Otherwise, you may want to consider a changing your business bank.
Hope that helps,
Bryan
bankpig said:Here's some of the best business money rates as of March 7, 2008:
• WAMU = 4.34% APY…..WhooHoo!
• Wachovia = 3.66%
• Union Bank of California = 3.14% APY
• Chase = 2.85% APY
• CalNational = 2.65% APY
• U.S. Bank = 2.85% APY
• Wells Fargo = 2.8% APY
• Bank of America = 2.5% APY
• Citibank = 2.5% APY
• HSBC = 2.1% APY
*Please note that banks have APYs that vary according to the deposited balance; the higher the balance, the higher the rate. For this comparison, bankpig selected the highest rates which usually require a balance upward $100,000. Rates may also vary state-by-state. The best business money market rates are generally reserved for “new money”, not balances already deposited. If you see a rate that your institution isn’t offering or you are not receiving, get the rate in writing and show it to your banker to see if he/she will match it. Otherwise, you may want to consider a changing your business bank.
Hope that helps,
BryanWhy post a list of the 'best' biz account rates when you dont include most of biz accounts with the best rates?
Ing Direct - 3.75%
Etrade - 3.45%
Countrywide - 3.5% ($10k minimum)
UFB Direct - 4.75% ($15k minimum)
Those are good rates, thanks for the notice, but I noticed those banks don't have branches and Countrywide is...well, going through changes.
Squeezer99 can you list a link?
Thanks!
Bank of America is offering a 3.4% APY on their Business Interest Maximizer account for new money with a minimum deposit of $10,000. Stop into your local branch to find out more or sometimes on the BofA website they advertise this offer. This also is not a limited time offer either but rather a rate being offered to their business advantage customers.
BofA advertises a top rate of 2.5% APY:
http://www.bankofamerica.com/smallbusiness/savings-cds/index.cfm?template=save_intmax_rates.cfm
Also, I accidently deleted a message sent to me from a member on this post. Thanks for your message and FYI WAMU offers business rewards checking and I think Citibank does too.
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