Best business savings accounts for February

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for . As a business owner, you probably have a business checking account you use to handle payroll or write company checks. A business savings account can come in handy as well, since it provides you with a place to store cash that’s easily accessible, while earning some interest on the funds. Finding the right business savings account is important whether you’re setting aside money for business goals or want to have funds on hand for unexpected company expenses. What is a business savings account? A business savings account is a liquid deposit account in which you can set aside business funds for future use. Like a personal savings account , a business savings account typically earns a modest amount of interest, and its offerings may include an ATM card, a mobile banking app and the ability to transfer money to and from other accounts. When shopping for a business savings account, factors to consider include the annual percentage yield (APY), minimum deposit and balance requirements, fees that are […]

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