In recent weeks one particular question has come up a lot. Many clients have been asking how to earn more on the money they hold in traditional banking products that are now earning 0% (or close to it). They have been asking about cash they hold over and above their checking and reserves that they don’t expect to spend soon. This is usually money they want easily available just in case they need it for whatever reason. In many cases they are asking about larger cash balances they hope to earn more, but seek low-risk options where the balance cannot drop and the money would stay readily available.
If this is a question you may have as well, we know of several options that may be appropriate.
If you have this question, please fill out the form on this page or call 800-246-1433 to let us know what this money is intended for and how available it would need to be. We will let you know if we have answers that might fit or if we think the bank is still the best place for now.
In the meantime, let us know if there is anything else we may help with, and we hope you are finding successful ways to cope in this crazy world.