As of lately, many people are interested in where to park cash amid rising interest rates, as well as the best options that provide the maximum benefits possible. In this week's episode of Grow Money Business, Grant discusses the methodology of saving cash in your emergency fund and several other options for investing your extra cash.
Show Notes
[05.06] The Method – Grant starts off the conversation by explaining how much cash you need in your bank accounts as a business owner.
[10.15] Emergency Fund – Grant shares some tips on what you can do with the extra cash in your emergency fund and where you can park cash amid rising interest rates.
[15.52] Capital one - American bank holding company Capital One Financial Corporation specializes in credit cards, auto loans, banking, and savings accounts. Grant shares some advantages of parking your cash at Capital One.
[16.23] Ally Financial – Ally Financial is a bank holding company that offers a variety of financial services, such as car financing, internet banking through a direct bank, corporate lending, auto insurance, and mortgage loans. Grant shares some advantages of parking your cash with Ally.
[20.15] Brokered CDs or T bills - Grant explains how brokerage CDs and T bills work.
Resources
Online Savings Account - ally.com/bank/online-savings-account/
Treasury Bill Rates - data.nasdaq.com/data/USTREASURY/BILLRATES-treasury-bill-rates
What Is a Brokered Certificate of Deposit (CD)? – investopedia.com/terms/b/brokered-cd.asp