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Message
Advice on where to park spare business cash
Posted on 10/26/26 at 1:14 pm
Posted on 10/26/26 at 1:14 pm
It needs to be fairly liquid, i.e., can have it back in my main business account within 72-96 hours, but I'd like some advice on on an easy place to just park it to earn at least a bit of interest. Not looking to invest it really, want it to be essentially risk free.
The first place i tried was Fidelity but after about 5 weeks and many many phone calls of trying to link the business checking account to the Fidelity Business Account we opened, and getting nowhere, I'm looking into alternative options. Probably should have asked here first.
The first place i tried was Fidelity but after about 5 weeks and many many phone calls of trying to link the business checking account to the Fidelity Business Account we opened, and getting nowhere, I'm looking into alternative options. Probably should have asked here first.
Posted on 10/26/26 at 1:33 pm to bbap
Probably just a HYSA that is anywhere from 3.3 to 4%. My capital one seems to take a few days when I transfer from my BofA back and forth.
Posted on 10/26/26 at 1:41 pm to bbap
Buy SPAXX in fidelity
Posted on 10/26/26 at 2:23 pm to AaronDeTiger
Like i mentioned they keep voiding the transfers. I was planning on just leaving in in SPAXX, but if you can't actually fund the account not gonna earn a whole lot of interest on $0. 
I may just be overthinking it and should just use a HYSA.
I may just be overthinking it and should just use a HYSA.
Posted on 10/26/26 at 2:24 pm to Rize
quote:
Probably just a HYSA that is anywhere from 3.3 to 4%. My capital one seems to take a few days when I transfer from my BofA back and forth.
Thanks, probably what i'll end up doing.
Posted on 10/26/26 at 6:29 pm to bbap
X Money TYFYS 
Posted on 10/26/26 at 6:30 pm to bbap
I just saw Cap One advertising a 3.5% for business accounts. I haven't looked to see how it compares to elsewhere.
Posted on 10/26/26 at 6:55 pm to bbap
Snaxx. 3.87% and you have access to your money almost immediately if needed.
Posted on 10/27/26 at 11:51 am to bbap
quote:
Fidelity
Is this your main business bank account? As someone who went through banker issues during Covid, I'd highly recommend using this as an opportunity to find a good human to work with. Doesn't have to be local but that's preferred.
If you can't get 3-5% in a high yield account within a couple of hours, you need to take your banking business elsewhere.
Posted on 10/27/26 at 12:05 pm to baldona
Epgix
Posted on 10/27/26 at 9:10 pm to AaronDeTiger
For the record - SPAXX is an astronomically expensive money fund at 42bps. Institutional pricing for money funds is generally around 18bps and you can access that by asking your banker or investment advisor about one.
Posted on 10/28/26 at 8:10 am to bbap
Does your bank not have a HYSA or MMA? Those will be around 4%
Posted on 10/28/26 at 9:27 am to MarsellusWallace
What do you think of SGOV?
Posted on 10/28/26 at 10:26 am to bbap
open a treasury direct account and buy t-bills
Posted on 10/28/26 at 2:59 pm to AaronDeTiger
This is my Plan. Just opened a Roth IRA. to deposit 7500/year.
Posted on 10/28/26 at 8:37 pm to bbap
HKRS
BLW
BLW
Posted on 10/29/26 at 7:42 am to b-rab2
quote:
open a treasury direct account and buy t-bills
I already have that and do use it but that is not liquid enough for this particular pot of money.
Posted on 10/29/26 at 7:43 am to baldona
quote:
Is this your main business bank account?
No it was going to be a secondary one.
Posted on 10/29/26 at 7:44 am to Cosmo
quote:
Does your bank not have a HYSA or MMA? Those will be around 4%
They do not
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