What are the interest rates on business savings account ?

padraig · Apprentice Joined: 03 Oct 2006 Posts: 10

Like I was told, interest rates on business savings accounts are huge! I’ve been thinking about this for such a long time, and when I have finally decided that it would be a waste of time, I was told that interest rates are really attractive. I would like someone to verify this information, because I don’t know if this is another catch.

artemas1844 · Apprentice Joined: 31 Oct 2007 Posts: 2

It depends on what are your appetites. Normally, it should be higher than interest rates on ordinary savings account, but you can’t expect it to cover your expenses or to provide you some extra money, it is, after all, a savings account. So, most of people are waiting and, as it grows, they are planning how to spend it for the purpose of business developing.