Finance
-
 min read

High-Yield Alternatives to Traditional Banks and CDs

As a dedicated small business owner, you're always looking for ways to make your money work harder for you. While traditional banks and certificates of deposit (CDs) may seem like safe bets, they often come with low-interest rates and strict limitations on accessing your funds. At Holdings, we offer a compelling alternative: our innovative Business Account, designed to provide the best of both worlds—high yields and unmatched flexibility.

The Holdings Advantage

Higher Yields and Easier Access

When comparing the interest rates offered by traditional banks and CDs, it's clear that Holdings' Business Account stands out from the crowd. With a competitive 4%+ APY, our account enables you to earn significantly more on your business's cash reserves than you would with a typical bank savings account or CD.

For instance, Bank of America's Featured CD offers APYs ranging from 0.05% to 5.00%, depending on the balance and term. However, these CDs come with a catch: early withdrawal penalties that can eat into your earnings if you need to access your funds before the CD matures.

In contrast, Holdings' Business Account allows you to earn a consistently high yield without locking up your money for extended periods. You can withdraw your funds anytime without penalties or sacrificing interest earnings. This flexibility is invaluable for small businesses that may need to quickly adapt to changing circumstances or seize new opportunities.

Expanded FDIC Insurance Coverage

Another key advantage of Holdings' Business Account is its expanded FDIC insurance coverage. By leveraging an innovative sweep program, Holdings automatically distributes your funds across a network of FDIC-insured partner banks, enabling you to secure coverage of up to $5 million.

Traditional banks and CDs, on the other hand, typically limit FDIC insurance to the standard $250,000 per depositor per bank. This leaves your excess funds vulnerable and may require you to manage multiple accounts across different institutions to ensure adequate protection. With Holdings, you can enjoy peace of mind knowing that your business's cash is safe and secure while earning a competitive return.

Streamlined Financial Management

Managing your business's finances can be time-consuming and complex, especially when dealing with multiple accounts and institutions. Holdings simplifies the process by providing a single, user-friendly platform for managing your high-yield account.

With Holdings, you can easily view your account balance, initiate transfers, and track your earnings all from one centralized location. This streamlined approach saves you valuable time and effort, allowing you to focus on running and growing your business. Unlike traditional banks and CDs that may require navigating multiple platforms or visiting physical branches, Holdings puts you in control of your business's cash anytime, anywhere.

Expert Support and Guidance

Navigating the world of business finance can be challenging, but with Holdings, you're never alone. Our team of experienced professionals is dedicated to providing the support and guidance you need to make informed financial decisions for your business.

Whether you have questions about your account, need assistance with a transaction, or seek advice on optimizing your business's cash management strategy, Holdings is here to help. We're committed to partnering with you to achieve your financial goals and drive your business's success.

Getting Started with Holdings

Ready to experience the benefits of a high-yield alternative to traditional banks and CDs? Opening an account with Holdings is quick, easy, and entirely online. Simply visit Holdings.io, click on "Get Started," and follow the prompts to get started.

With competitive yields, expanded FDIC insurance coverage, unmatched flexibility, and expert support, Holdings empowers you to take control of your business's financial future. Join the countless small businesses that have already discovered the advantages of partnering with Holdings and start maximizing your company's earning potential today.

Subscribe to get helpful business insights

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
put your cash to work

Start earning 4.62%* APY on your idle business cash today 🚀

*subject to Fed rate changes