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This is why real businesses with real money have their bank use ICS or CDARS to get insured deposits, or liquid, short-term CDs, at N different partner banks. N
by sclarisse 4y ago
This is why real businesses with real money have their bank use ICS or CDARS to get insured deposits, or liquid, short-term CDs, at N different partner banks. No leaving FDIC-insured-land, and it gives you easy withdrawals, too. It’s just a service offered as part of the banking network.
https://www.intrafinetworkdeposits.com/ https://www.intrafinetworkdeposits.com/
- prottog 4y agoEven small businesses that exceed FDIC-insured balances can also roll short-term T-bills, through various brokerages (most of which don't charge fees on Treasuries) or TreasuryDirect (which is free). That combined with a line of credit should make for decent cash management.
- mike_d 4y agoThis is why real businesses with real money have CFOs. Anyone who was sweating the SVB collapse should hire a virtual CFO right fucking now because their company has no financial leadership.