Hi Everybody!
I just signed up to the forum, and it looks like I have lots to learn here.
Right to the point:
I am 27 years old, I own a small business which does well enough to leave me with a few bucks sitting around to save.
I am incorporated, and prefer to keep all the money in the business. My question is:
Whats the best way to save my businesses money? Right now, I am looking for low risk until I have a decent amount built up. The only thing I can think to do (which is what I am doing now) is to transfer the money online from a cheq account to a "high interest" savings account (pfffft, high interest 0.25%).
So, I looked at a bank called Acheiva who offfers a High Interest Savings of 1.75%..... problem is, can I take my companies money and transfer it to another bank legally.. seeing as though its incorporated?
Or is there something better I can be doing with the money!!??
I would honestly appreciate any advice on this matter.. I asked my bank (*cough* Scotia) and they just keep trying to push me into their products of course.
I just signed up to the forum, and it looks like I have lots to learn here.
Right to the point:
I am 27 years old, I own a small business which does well enough to leave me with a few bucks sitting around to save.
I am incorporated, and prefer to keep all the money in the business. My question is:
Whats the best way to save my businesses money? Right now, I am looking for low risk until I have a decent amount built up. The only thing I can think to do (which is what I am doing now) is to transfer the money online from a cheq account to a "high interest" savings account (pfffft, high interest 0.25%).
So, I looked at a bank called Acheiva who offfers a High Interest Savings of 1.75%..... problem is, can I take my companies money and transfer it to another bank legally.. seeing as though its incorporated?
Or is there something better I can be doing with the money!!??
I would honestly appreciate any advice on this matter.. I asked my bank (*cough* Scotia) and they just keep trying to push me into their products of course.