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Lucky enough to have a business that throws off some cash - however I can't find a bank that will pay a decent interest rate (greater than 3.85% APY)for parking it with them. Anyone have any ideas? I've checked HSBC and some of the others mentioned however they all have to be personal accounts -

Thanks for any and all help...
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What time period are you going to be parking the money for? Do you need it available instantly? How many transfers will you make a month? Would you be okay paying a fee for each item?
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What time period are you going to be parking the money for? - anywhere from 3 mo - 1 year.

Do you need it available instantly? - not required - however it would be used for acquisition opportunities and any requirements for capital investment.

How many transfers will you make a month? - average one transfer out every 2-3 months - deposits can be as many as once a day or once or twice a month depending on banking fee structure.

Would you be okay paying a fee for each item? - as long as the interest earned more than offsets those fees.
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Plenty of banks offer this -- e.g.

http://www.everbank.com/001SBMoneyMarket.aspx?LinkID=Navigation
http://www.ebank.com/content.asp?cid=22

Usually there's a minimum balance to avoid fees ($1000-$3,000) and the more you deposit, the higher the interest rate.

The rates are not as great as for personal accounts, because the cost of servicing businesses is higher.

You could even open a business account with a brokerage or mutual fund company.
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Thanks for the links - I'd seen the everbank - not as good as Pacific Marine Credit Union - 3.85% however ebank's 4.75% is pretty tempting. I'll research them. Thanks again for the assist.
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