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Learning, Sharing, and Teaching => Investor Alley => Topic started by: patjk on July 27, 2019, 07:46:20 AM

Title: Wealthfront or High Yield Savings account for business capital?
Post by: patjk on July 27, 2019, 07:46:20 AM

Hello, I have a Wealthfront account for my personal investment which has done well, and now they offer a cash savings account at 2.57% APY with no fees.  I also have a Marcus at Goldman Sachs setup which is now at 2.15% APY, also for personal.

But I have a small business and have some cash sitting in the business account.  Would be nice to have it in a high yield savings or something otherwise to at least make a couple percent off of it.  Does something like this exist? Or what do other small business owners do with the business cash other than letting it sit?

Thanks.

Title: Re: Wealthfront or High Yield Savings account for business capital?
Post by: noplaceliketheroad on August 02, 2019, 08:23:23 PM

ptf.

ours is sitting in a business savings tied to our business checking, earning a cool .1% haha.

Title: Re: Wealthfront or High Yield Savings account for business capital?
Post by: patjk on August 09, 2019, 04:28:40 AM

Is there any better solution? What do most small businesses do?

Title: Re: Wealthfront or High Yield Savings account for business capital?
Post by: Indexer on August 10, 2019, 05:56:11 AM

Can your business have a brokerage account?  If that is possible I don't know about Wealthfront, but you should be able to open a Vanguard account and their money market is paying 2.25% last time I checked.

Title: Re: Wealthfront or High Yield Savings account for business capital?
Post by: akajoe87 on December 05, 2019, 07:25:28 PM

Does anybody hear think wealthfront worth it? I seen this video earlier https://youtu.be/x_d8vHNptX0
So this kid took out a cash out refinance and used wealthfront to hedge his loan while he was remodeling. Does this sound feasible?