Savings Account

[italianchris11]

I switched over to Citibank savings plus 1.30, next day and they dropped down to 1.20. Any better alternatives out there, that are liquid?

[TheHipHopBillGates]

Do you have an LLC for what you do? Best bet is to lend the business $$$, use it for expenses and pay yourself back at a higher interest rate.

[Bekim...]

come again

[TheHipHopBillGates]

come again

Say you need a new oven or want to do some advertising for your pizzeria and you have $$$ saved on the side, instead of putting the expenses on a credit card and paying 30% a month, you make a personal loan to your business and then you have the business pay the loan back to you at whatever % you want. Say it was 10lk you had in a savings account, having the business pay you back @ 10% is much better then parking it in a savings account @ 1%, and the business just writes it off. As long as you have a stable business it's pretty much the most stable variable yield(dependent on the % return you decide) investment you can make in this market.

[Bekim...]

Say you need a new oven or want to do some advertising for your pizzeria and you have $$$ saved on the side, instead of putting the expenses on a credit card and paying 30% a month, you make a personal loan to your business and then you have the business pay the loan back to you at whatever % you want. Say it was 10lk you had in a savings account, having the business pay you back @ 10% is much better then parking it in a savings account @ 1%, and the business just writes it off. As long as you have a stable business it's pretty much the most stable variable yield(dependent on the % return you decide) investment you can make in this market.

you want a job?
smart kid - thanks