4 ms·
We typically park cash in a bank account to keep it liquid. Are you trying to do something different than invest in your business?
by Dwolb 9y ago
We typically park cash in a bank account to keep it liquid. Are you trying to do something different than invest in your business?
- gnicholas 9y agoBank account = checking? We're not trying to do anything fancy, but considering that I always sweep cash out of my personal checking account (and into a high-interest online savings account) I figured it would be prudent to do the same here. Even if it's just $2k per year in extra interest, this seems worthwhile. Is it not worth the time to manage?
- Dwolb 9y agoIt's a money market. We move money from the money market to a checking account to pay suppliers/make payroll. We also use company credit cards with to increase available cash.