Are trash rates on business CD's a usual thing?
Thread created 10-12-2023 by Dr. J
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It is a CD not a loan they are giving you. There are no risks to the bank. You give them your deposit and they pay x% on it for the duration. They give crummy rates because they can wrt businesses...
Are trash rates on business CD's a usual thing?
Thread created 10-12-2023 by Dr. J
0 Score
4 Replies
2,489 Views
Yeah most business credit cards a normal person\entity can get are tied to the individual in the end (though many of them will not show up on your personal credit report). I find that to not be so...
Are trash rates on business CD's a usual thing?
Thread created 10-12-2023 by Dr. J
0 Score
4 Replies
2,489 Views
Thanks I never thought of that.
We do have an EIN but doing anything financially has been a PITA. For example, one of my first ideas was to get a CC for the club mostly for points but also just...
Are trash rates on business CD's a usual thing?
Thread created 10-12-2023 by Dr. J
0 Score
4 Replies
2,489 Views
In my experience, business banks are the worst and typically offer nothing worthwhile. Next to zero rates are typical and the "services" they provide can be had for cheaper usually (often free) at...
Are trash rates on business CD's a usual thing?
Thread created 10-12-2023 by Dr. J
0 Score
4 Replies
2,489 Views
I've posted about this before but I'm the treasurer for a 501c7 sporting club. In the offseason (fall/winter/spring) we usually have cash ($150k) just sitting around with no real expenses, so I...
