Jan 18, 2023
With the recent interest rates raise initiated by The Federal Reserve, many people are curious about where to park their cash in a way that provides the maximum benefits. This week's episode of Grow Money Business podcast, Grant discusses the methodology of saving cash in your emergency fund and several other options for investing your extra cash.
[05.06] The method – Starting the conversation, Grant dives into how much cash you need in your bank accounts as a business owner from his perspective and the reasons behind it.
[10.15] Emergency fund – Grant explains what you can do with the extra cash in your emergency fund and the vital things you have to consider.
[15.52] Capital one - American bank holding company Capital One Financial Corporation specializes in credit cards, auto loans, banking, and savings accounts.
[16.23] Ally Financial – 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.
[20.15] Brokered CDs or T bills - Grant explains how brokerage CDs and T bills CDs 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)? –