3 ms·
Best place to park $1M for 12 months?
My business operations are on hold right now and I'm looking for a safe place to park roughly $1-3 million.
By safe I mean FDIC safe. And it has to allow BUSINESS accounts.
Best I've seen so far is some online banks offering .7%. There are some banks offering 1% for personal accounts, but they are for personal accounts and don't accept businesses.
Any help would be greatly appreciated!
- Normille 6y agoI'll look after it for you.
- mhkool 6y agoinform yourself about governments that endlessly print money and you will quickly find out that inflation is a key word. In times of inflation there is a substance that many call "insurance": physical gold outside a bank since banks generally default in times of inflation.
- bobbba 6y agoLook at landingrock.com they offer insured accounts up to $10 million and competitive interest rates.