Hello,

Were you able to try out any of the recommendations available. GE has
good rates, but they are not FDIC Insured. Should that be a concern?

Thanks.


jake johnson wrote:
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"Beep Beep" <redsweater[at]nc.rr.com> wrote in message news:<LVVCc.65440
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years ago which was bought by a larger regional bank maybe two years
ago which is now merging with another larger regional bank. So, we've
went through this before rather recently and would rather wait it out
and see what things change because we have a good relationship with
our banker and don't want to just pick up and leave. We also don't
want to rock the boat while they're figuring things out. In the
meantime, we don't want the money to just be sitting there. Ideally,
we would have an account somewhere that could be managed online so
after our bookkeeper makes the entries to realize the income, she
could make a weekly transfer online to match up the monies between the
accounts. This would go along with the fourth feature point I
mentioned originally.

Maybe I'm just dense here, but your reference to 'match up the monies
between the accounts' regards your periodic earning of this prepaid?
I'm just trying to understand what matching up there'd be? Between
what accounts is this in reference to?

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There's no specified date. This is prepaids money that could be realized in portions at any time.

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Sure. That's why I want it to be completely liquid as mentioned in my third feature point.

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That's what we're currently doing. However, our current checking account is a no-interest account in exchange for getting a lot of account benefits for free. We'd rather have this prepaids money making a little bit extra for us while we're holding it.

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Right now, our main bank is going through an M&A so we'd rather not make any changes right now. We started out with a local bank four years ago which was bought by a larger regional bank maybe two years ago which is now merging with another larger regional bank. So, we've went through this before rather recently and would rather wait it out and see what things change because we have a good relationship with our banker and don't want to just pick up and leave. We also don't want to rock the boat while they're figuring things out. In the meantime, we don't want the money to just be sitting there. Ideally, we would have an account somewhere that could be managed online so after our bookkeeper makes the entries to realize the income, she could make a weekly transfer online to match up the monies between the accounts. This would go along with the fourth feature point I mentioned originally.

Thanks.