3 ms·
First time seeing Mercury but been watching the business banking space from afar for awhile now (Standard Treasury (acquired by SVB), Azlo (failed), SVB (failed
by nodesocket 3y ago
First time seeing Mercury but been watching the business banking space from afar for awhile now (Standard Treasury (acquired by SVB), Azlo (failed), SVB (failed)). I currently run my company on American Express business checking which offers free business checking with a very modest 1.4% yield. However it's FDIC insured not a money market fund like Mercury.
- echelon 3y agoI'm using Chase, which has been kind of a pain to adapt to our needs, but it's JP Morgan and won't be going anywhere.
- readthenotes1 3y agoGovernment backed money market funds are safer if you have over $250k (well, were before SVB, now the limit is up to who you've influenced)
- squokko 3y agoYou can be fully insured on Mercury. They spread your money out at multiple banks.